Cannabis Movers & Shakers: Drop Delivery Forms Advisory Board, Revolution Global Names President, Jason Ackerman Exits TerrAscend
Advisory Board for Drop Delivery Forms to complete the Reg-CF offering
Cannabis-focused tech start-up Drop delivery has formed its Advisory Board and named Jessica Billingsley, Kristin Jordan and Cynthia Salarizadeh its founding members.
Billingsley is the CEO of the cannabis company Akerna Corp. (NASDAQ: CORE). She also co-founded MJ Freeway in 2019. She has also been a member of the Advisory Board of Marijuana Business Daily since November.
Jordan is Mannada’s founder and CEO. She is also the executive director of a NYC-based corporate organization, the Asian Cannabis Roundtable.
Salarizadeh is the founder and president of the cannabis brand House of Saka, the founder of AxisWire, the cannabis industry’s newswire, and a co-founder of Green Market Media.
Los Angles previously reported that its customer base and revenue grew nearly 300% over the past year.
“The Drop Advisory Board was established to access the expertise and thought leadership across all industries as we continue to improve our technology suite inside and outside cannabis,” said CEO Vanessa Gabriel recently.
Last week the company closed its Regulation Crowdfunding (Reg-CF) offering through Equifund.
Jordan Gillissie, CEO of Equifund stated, “This was the fastest offer to raise $ 1 million on our platform.”
“We are very proud to have exhausted a Reg-CF offering for drop delivery,” he added.
Revolution Global appoints COO Dustin Shroyer as president
Cannabis company Revolution global confirmed on Friday that its COO Dustin “Dusty” Shroyer has been named president.
Shroyer is a seasoned cannabis professional who joined the company in 2014.
During his time in the Revolution, he was also the chief cultivation officer responsible for developing a cultivation facility in Delavan, Illinois.
He was also instrumental in developing the company’s Enlightened pharmacy brand.
Shroyer will continue to oversee the revolution’s operations.
“With a 15 year career building cannabis businesses both small and large, Dusty has rare skills to run our multi-state business,” said Chairman Tony Hunter.
“He has practical operating experience in cultivation and retailing combined with a mastery of science-driven product development,” he added.
TerrAscend Parts Ways with CEO and Executive Chair Jason Ackerman confirms management and board changes
Cannabis company TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) confirmed Tuesday that Jason Ackerman will no longer serve as CEO and Executive Chairman.
Jason Wild, who currently serves as chairman of the board, will replace Ackerman as chairman of the board.
In addition, a board member Ed Schutter will assume the position of senior independent director.
Wild thanked Ackerman for his contributions, highlighting that “there are differences in philosophy regarding leadership style and culture, and the board and I decided that it is in the best interests of the company for us to part ways.”
At the same time, the company announced that full year net sales increased 134% year over year to $ 198 million.
TerrAscend ended the year with $ 75 million in cash.
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