Ascend Wellness Appoints Interim Co-CEO's in Wake of Battery Charge

Russell Reynolds, an executive recruiting firm, has been retained in the search for a new permanent chief.

The chief executive of New York-based cannabis company Ascend Wellness Holdings (CSE: AAWH.U) (OTCQX: AAWH), Abner Kurtin, stepped aside from the helm of the business Wednesday, and a pair of interim co-CEOs were installed in his place.

The news follows a report that Kurtin was arrested in Florida and charged with battery after allegedly beating his girlfriend.

Kurtin will transition to being executive chairman of the board at Ascend, and the company will be led by CFO Daniel Neville and President and co-founder Frank Perullo as co-CEOs “while a search is conducted for a new CEO,” the release stated.

Russell Reynolds, an executive recruiting firm, has been retained in the search for a new permanent chief.

The Ascend board of directors said that it remains confident in its business overall, but didn’t further address the allegations against Kurtin or an internal investigation the company said it had launched into the circumstances around his arrest.

“As the company prepares to enter the next phase of its growth story, the board determined that now was the right time to initiate this transition,” the statement read.

Kurtin was arrested in Miami on Sept. 3 and charged with battery after a witness told police she saw him “striking” his girlfriend while they were parked in a car.

A hearing in the case is scheduled for Friday, however that may change depending on the impact of Hurricane Ian.

John Schroyer


Agrify

Leave a Reply

Your email address will not be published. Required fields are marked *

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.


About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


READ MORE



Recent Tweets

@GreenMarketRpt – 26 mins

Illinois Governor Opens Door to Cannabis Delivery

@GreenMarketRpt – 47 mins

NLRB: Curaleaf Violated Labor Law by Refusing to Bargain with Union

@GreenMarketRpt – 2 hours

Medical Insurance Providers Assess Benefits of Psychedelics Treatments

Back to Top

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.

 Subscribe

By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.