Here is a summary of the latest leadership changes within the cannabis industry.
Former NFL Star Michael Vick Named Founding Partner
Former professional American football quarterback Michael Vick agreed to join Las Vegas-based sports supplements CBD brand Champions + Legends as a founding partner.
Other athletes have also joined the brand, including Jay Glazer — who was also declared its founding partner — as well as James Harrison, Thor Björnsson, Tommy Caldwell, Sara Sigmundsdóttir, Patrick Vellner and Adam Ondra.
“I am truly excited to join the team at Champions + Legends,” Vick said. “Since I retired, I’ve tried all kinds of treatments, including dozens of CBD products, looking for a solution to residual pain from my playing days.”
NorCal Cannabis CEO Douglas Cortina Steps Down
NorCal Cannabis appointed co-founder and president Jigar Patel, and former CFO David Hofflich to serve as co-CEOs.
The move took place after co-founder Douglas Cortina opted to step down from the role.
Cortina explained Monday that the company has changed its focus from “hyper-growth to the prioritization of efficient operations centered around our world-class cultivation and production assets.”
He highlighted that “there’s no one in the business more passionate and knowledgeable about world-class indoor cultivation” than Patel.
The San Francisco-based company oversees its cultivation and production operations as well as sales, distribution, retail stores, and consumer brands, such as 1Lyfe, Lolo, Occidental Hills, and Panacea.
Last year, NorCal reported launching six new brands and collaboration with comedian Chelsea Handler.
Australis Capital Appoints News CEO, Reports Board Shake-Ups
Australis Capital Inc. (CSE: AUSA) (OTCQB: AUSAF) tapped Harry DeMott as its new CEO, replacing Cleve Tzung.
The news comes a week after the appointment of Sameer Kumar as independent member.
Tzung would remain in the company in the role of Chief Operations Officer.
DeMott brings over three decades of investment experience across several industries, such as cannabis, media, sports, and entertainment.
He is a founding investor of Columbia Care (NEO: CCHW) (OTCQX: CCHWF), …