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Cannabis Movers & Shakers: Columbia Care, Radiko, Terranueva, Akerna

November 3, 2020 11:31 am
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Cannabis Movers & Shakers: Columbia Care, Radiko, Terranueva, Akerna

Here is a summary of the latest company shakeups within the cannabis industry.

Columbia Care Taps Alison Worthington To Board

Columbia Care Inc. (CSE:CCHW) (OTCQX:CCHWF) (FSE: 3LP) has welcomed Alison Worthington to its Board of Directors.

The Columbia Care board now counts seven members.

Worthington brings extensive marketing executive experience holding various senior-level marketing positions over the past three decades.

During her career, she worked for the Coca-Cola Company (NYSE:KO), Starbucks Corporation (NASDAQ:SBUX), and Microsoft Corporation (NASDAQ:MSFT), to name a few.

“Alison brings authenticity, energy, experience, and a work ethic that is second to none,” Columbia Care CEO Nicholas Vita said.

Some of the recent accomplishments the New York-based company achieved include the opening of two stores in Florida, including retail spaces in Miami and Brandon, and one in Villa Park, Illinois.

Radiko Hires Jeff Malinovitz and Clyde Story To Boost Carson City Operations

Radiko Holdings (CSE:RDKO) has opted to hire Jeff Malinovitz and Clyde Story to serve as Cultivator for the Carson City facility.

Malinovitz and Story would manage the company's previously announced expansion and conduct the facility's optimization plan.

The award-winning cannabis growers have years of experience in producing flower, as well as cconcentrates and extracts.

La Vida Verde Inc., and DB3 Management — the two subsidiaries of the Los Angeles-based company — partnered in May to develop Carson City, Nevada-based cannabis cultivation operations, and also oversee the process of genetic selection, as well as product marketing and branding.

"This team is often cited among the who's who of cannabis and, by nearly anyone in the industry, credited as one of the top cultivators in the business," commented Steve Gormley, Radiko's CEO.

Terranueva Names Peter Polatos CEO, Several Executives Resign

Terranueva Corp.'s (CSE:TEQ) has named Peter Polatos interim President and CEO as well as the Director of the company.

Polatos serves at Investments Polatos Corp as its President. He is also BTB Real Estate Investment Trust's founding member.

Polatos is "delighted" to become a part of the Terranueva team and to "help accelerate the company's development into the next phase of growth."

The company's vice president and COO Francisco Perez said that Polatos' arrival "coincides with the recent progress made in the exploitation of our genetics."

The Montreal-based company touts it has achieved "significant advances" when it comes to the cultivation, "reaching a THC level that will fully meet the expectations of the cannabis market and facilitate the development of our products," Perez added.

Terranueva also announced that Pierre Ayotte, Rafaël Percopo, and Louis Doyle, who served as President and Chief Executive Officer, Chief Quality Assurance Officer, and Chief Compliance Officer, respectively, opted to step down from the positions.

In addition, Percopo and Doyle would continue to serve on the company's Board of Directors.

Akerna's CEO Jessica Billingsley Joins MJBizDaily's Advisory Board

On the heels of securing $12 million in financing through a public offering of some five million shares of common stock, Akerna Corp. (NASDAQ:KERN) announced Tuesday its CEO Jessica Billingsley opted to join Marijuana Business Daily's Advisory Board.

Billingsley – the founder of MJ Freeway – brings over ten years of experience in cannabis and technology services.

Meantime, last month, the Denver-based company disclosed that its two of its MJ Freeway consulting clients, including Iowa Cannabis Company East and Cannabis Patient Network, were granted the only two medical cannabis dispensary licenses in Iowa.