MedMen Enterprises appoints Michael Serruya as Chairman & Interim CEO
Cannabis dealer MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) announced Monday that it The Board of Directors has appointed Michael Serruya as Chairman and Interim CEO.
Serruya replaces outgoing Chairman and CEO Tom Lynch, Who has held the position since 2020 and led the company’s operational turnaround.
Serruya joined the board of directors of the Los Angeles-based company in August 2021 as part of a $ 100 million investment in Serruya Private Equity’s MedMen to expand its activities in key markets and to identify and accelerate further growth opportunities in the United States.
Financing besides Tilray, Inc.‘s (NASDAQ: TLRY) acquisition of the majority of MedMen’s outstanding senior secured convertible notes, originally held by certain funds affiliated with Gotham Green Partners, LLC, gives MedMen the flexibility to pursue its growth priorities and explore additional strategic opportunities.
Serruya is a seasoned cannabis investor with extensive retail experience, previously serving as CEO of Coolbrands and Kahala marks.
“We would like to thank Tom for his leadership over the past 20 months as he led a successful and disciplined turnaround plan that positioned us well for accelerated growth as MedMen 2.0,” said Serruya. “Our focus now is on taking this company to the next level as we seek to leverage the strength of the MedMen brand and consumer experience to grow it in the United States, Canada and internationally.”
Additionally, Lynch will continue to act as the manager of MedMen Boston LLC and MME Newton Retail LLC, and will continue to be involved in the management and control of these companies for the immediate future.
Canadian cannabis brand LOOP / POOL taps CPG expert Kevin Lam as CCO
Canadian artist-led and socially forward-thinking cannabis brand LOOP / POOL recently announced that Kevin Lam has been added to its executive team as Chief Commercial Officer.
Lam is a experienced expert for the consumer goods industry, after holding merchandising positions at top companies including WalMart Inc (NYSE: WMT), Loblaws and 7-Eleven.
Previously, he led both the strategic growth of the merchandising team and the role at the Ontario Cannabis Store since it was pre-legalized as Senior Director of Merchandising.
“Bringing someone of Kevin’s caliber into our leadership team is a big step forward for our company.” Ian Kwickansky, CEO of LOOP / POOL called. “This is an important milestone for us and a testament to the power of the brand we have created, our mission and the quality of the products we have curated for the Canadian market.”
Based in Toronto, the Company was co-founded by a number of Canadian musicians, including the members of Our Lady Peace, Roy Woods, Blue Rodeo, Felix Cartal, Stars, dvsn and Kiesza. It is dedicated to nurturing emerging talent through the sale of licensed cannabis products.
Green Check Verified appoints Peter Su as SVP of National Relationships
Green tick confirmed, the leading fintech provider of compliant cannabis banking solutions and services, recently said it hired Peter Su as Senior Vice President, National Relations.
Su is a certified cannabis banking expert and a certified commercial cannabis expert contributing to the expansion of the de novo cannabis banking program. has cited BNB bank.
He previously held positions at HSBC holdings (NYSE: HSBC), Signature bank (NASDAQ: SBNY), and East-West Bank Corp. (NASDAQ: EWBC).
In addition, Su is a member of the Banking and Financial Services Committee of the National Cannabis Industry Association. He is also chairman of the Banking and Financial Services Committee of the Hudson Valley and Association of the Cannabis Industry in New York City.
“Peter has incredible hands-on experience building specialized banking programs from start to finish, and his fluency in banking, cannabis sales logistics, and government regulatory requirements will help GCV build even more impactful and successful long-term partnerships.” Kevin Hart, CEO Verified by Green Check said.
Beatrice Society establishes board of directors
Psychedelics and functional mushrooms company Beatrice Society announced Monday the Formation of the first board of directors, including a new chairman.
For now, The Toronto-based company’s board of directors includes:
- Gary Yeoman, The new appointed chairman of the board and currently as Executive Chairman Voxtur Analytics Inc (TSXV: VXTR) (OTCQB: VXTRF). He founded and was CEO of Altus group (OTC: ASGTF) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry.
- Lorne Gertner, Board member and co-founder of GoodCap Pharmaceuticals Inc., brings many years of experience in drug development. He was also the co-founder and chairman of PharmaCan Capital Corporation, now Cronos Group Inc (NASDAQ: CRON) (TSX: CRON). He is also a co-founder of Tokyo smoke, an industry leading cannabis retailer, purchased from Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) in 2018.
- Krisztián Tóth, a board member who is currently a partner at Fasken Martineau DuMoulin LLP.
“Every managing director offers the company valuable perspectives and brings with them a wealth of experience”, John Baker, CEO the Beatrice Society said. “This fantastic selection of industry veterans will provide a solid foundation to build on the successes of Beatrice’s latest acquisitions in psychedelics and wellness.”
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