Staff, Author at Green Market Report - Page 20 of 181

StaffMarch 15, 2022
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4min7610

The Daily Hit is a recap of the top business stories in the cannabis industry for March 15, 2022.

On The Site

TerrAscend

TerrAscend Corp.  (CSE: TER) (OTCQX: TRSSF) launched The Apothecarium mobile retail app for Apple (NASDAQ: AAPL) iOS devices. The service will be available in California and New Jersey. Apple changed its policy last summer to begin allowing cannabis companies with licensed businesses to place apps in the store. Read more here.

Psychedelics

The ancient origins of psychedelics used by humans are well known. For thousands of years, various indigenous people from all parts of the world have used psychedelics for certain ceremonies, medicines, and recreational purposes: Ayahuasca by the indigenous people of the Amazon; Psilocybin by the Aztecs; Peyote by Native Americans in the west; Ibogaine by indigenous people in west-central Africa.

But as the so-called psychedelics renaissance movement takes hold, there emerges a commonly held belief that, while the scientific progress and clinical promise of this movement owes much of its success to the history of indigenous healing practices, the work of indigenous people, ethnic and racial minorities, women, and other disenfranchised groups is often not supported or highlighted in the mainstream narrative of psychedelic medicine, according to a study calling for more indigenous and ethnic minority inclusion in the psychedelics industry. Read more here.

In Other News

Akanda Corp. announced the pricing of its initial public offering of 4,000,000 common shares at a price of $4.00 per share to the public for a total of $16,000,000 of gross proceeds to the company prior to deducting underwriting discounts, commissions, and other Offering expenses. The Company intends to use the proceeds primarily for property, plant and equipment, operations, working capital and general corporate purposes. The company has received approval to list its common shares on The Nasdaq Capital Market, with its common shares expected to begin trading on March 15, 2022, under the symbol “AKAN.” The Offering is expected to close on March 17, 2022, subject to customary closing conditions. Read more here.

Akanda is an international medical cannabis and wellness platform company seeking to help people lead better lives through improved access to high quality and affordable products. The company is building a seed-to-patient supply chain, connecting patients in the UK and Europe with diverse products including cannabis products cultivated at its competitively advantaged grow operation in the Kingdom of Lesotho and with other trusted third-party brands. Akanda’s initial portfolio includes Bophelo Bioscience & Wellness, a GACP qualified cultivation campus in the Kingdom of Lesotho in Southern Africa, and CanMart, a UK-based fully licensed pharmaceutical importer and distributor which supplies pharmacies and clinics within the UK.


StaffMarch 15, 2022
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5min7830

GREEN THUMB INDUSTRIES

 

DINA ROLLMAN – SVP GOVERNMENT & REGULATORY AFFAIRS, GREEN THUMB INDUSTRIES

 

What is your proudest accomplishment in the cannabis industry?

I started working with Green Thumb Industries when Illinois’ cannabis industry was just taking off, so I’m proud to have played a part in building out and launching this market while at the same time normalizing cannabis law as a profession. Working at Green Thumb has allowed me to use my legal experience in new ways by creating and running our social equity License Education Assistance Program (LEAP) and securing several competitive licenses. 

 

Do you feel that the cannabis industry has more opportunity for female-identifying people than other industries?

When I co-founded Illinois Women in Cannabis (IWC) in 2014 with Green Thumb’s board member Wendy Berger, our motto was that this is “an industry too new to have a glass (or grass) ceiling.” We were optimistic that by raising awareness of the professional opportunities in a nascent industry, we would see women leading from the start rather than having to play catch up. Unfortunately, statistics today show that women are a minority in ownership of licenses and the C-suite, so there is still much work to be done.

 

Do you feel you have to work twice as hard as male colleagues or do you think the industry has moved past that?

I do not think I have to work twice as hard as male colleagues. In general, I have had very professional and respectful conversations and relationships with the men in the industry. Additionally, we all understand the importance of making diversity, equity and inclusion a priority in cannabis. 

 

However, I hope that certain industry players will move past marketing campaigns centered around objectifying women.  While there is certainly an overlap between cannabis and sex that deserves more research and attention, it’s important to remember that women are fighting hard to be taken seriously in this industry as owners, operators, suppliers,  customers and more. We can do more than look sexy while consuming cannabis! 

 

What was your biggest challenge in business and how did you overcome it?

My biggest challenge has been the lack of predictability in this industry. It seems like every Monday morning I go into the week with a set agenda, and I have to recalibrate immediately because of another industry curveball. I now have a mindset of expecting the unexpected and I try to remember to stay loose and ride the wave as it comes.

 

What have you or your company done to help give more opportunities for women?

In 2014 I co-founded IWC with Green Thumb board member Wendy Berger. It is a nonprofit that provides networking and educational opportunities for women seeking to start or advance their role in the regulated cannabis industry.  We have grown our membership and have established IWC as the leading cannabis networking organization for cannabis in Illinois.

 

What are your personal goals for 2022?

Now that travel is opening up again, I’m itching to learn how to surf in Hawaii. In the meantime, I’ll be working on improving my joint rolling skills – I’ve been working in cannabis for almost eight years, after all!

 


StaffMarch 14, 2022
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3min7080

The Daily Hit is a recap of the day’s top cannabis news for March 14, 2022.

On The Site

Columbia Care

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) announced preliminary results for the full year ended December 31, 2021. The company reported a 156% increase in annual revenue to $460 million over last year’s $179 million. The  net losses rose by $27 million to $146 million. Read more here.

Urban-Gro

urban-gro, Inc. (Nasdaq: UGRO)  reported it is buying Emerald Construction Management Inc. in a deal valued at $7 million. Emerald is a 37-year old Colorado-based construction management firm providing comprehensive construction and supervisory services, from initial design through final build-out. Emerald C.M. said it expects 2021 revenues of $26.5 million and adjusted EBITDA of $1.2 million. Read more here.

Decibel

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) reported an operational update with respect to its capital projects and announces its fourth consecutive month of record market share in February. The company did not release any sales figures. “With our capital projects having achieved key milestones, it is a testament to our commitment to quality products, which continue to drive strong growth in market share” said Paul Wilson, Chief Executive Officer of Decibel. “As these strategic investments come online, we anticipate operational efficiency gains that will enhance gross margins and drive growth in our bottom line.” Read more here.

In Other News

Agrify Corporation (Nasdaq:AGFY) announced that it has entered into a debt financing agreement for up to $135 million in a Senior Secured Note facility (the “Note”) with an institutional lender. The proceeds will be used for working capital and general corporate purposes. An initial funding of $65 million under the Note will be immediately available to the Company at an initial closing, with the option for the Company to draw down the remaining $70 million available in two subsequent fundings of $35 million each, subject to the satisfaction of certain funding conditions. Read more here.


StaffMarch 14, 2022
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4min9030

urban-gro, Inc. (Nasdaq: UGRO)  reported it is buying Emerald Construction Management Inc. in a deal valued at $7 million. Emerald is a 37-year old Colorado-based construction management firm providing comprehensive construction and supervisory services, from initial design through final build-out. Emerald C.M. said it expects 2021 revenues of $26.5 million and adjusted EBITDA of $1.2 million.

“The Emerald C.M. acquisition represents an important step in our strategy to supply the global indoor CEA market with turn-key design-built facilities,” said Bradley Nattrass, Chairman and CEO of urban-gro. “The market for mid-sized turn-key cultivation facilities and vertical farms is underserved, providing urban-gro a unique opportunity to bring the expertise and experience that is needed to deliver high-performance facilities. This acquisition enables us to get our clients to market more quickly while maintaining elite service levels.”

The total purchase price for the transaction, inclusive of a maximum $2.0 million contingent earnout, is $7.0 million. Urban-gro said it will fund the transaction with a combination of $2.5 million in cash and up to $4.5 million in equity. The transaction is expected to close within 60 days, pending successful completion of due diligence, and the Company expects the acquisition to be immediately accretive to earnings in 2022.

Nattrass continued, “Beyond completing our turn-key strategy, the addition of Emerald C.M.’s contracts and project pipeline provides us with incremental opportunities to generate significant waterfall revenue by providing our current services and equipment solutions to Emerald C.M.’s existing clients. Coupled with our strong balance sheet and positive cash flow, we are in an ideal position to build upon our momentum in the global CEA industry while simultaneously enhancing shareholder value.”

Jim Dennedy, President and COO of urban-gro, added, “Today, many controlled environment agriculture companies are served by a variety of providers, many of which lack the depth in human resources, systems maturity, and financial stability to satisfy the requirements that are inherent in large and complex construction projects. The acquisition of Emerald C.M. not only strengthens our capabilities and services offerings, but also enables us to provide our clients with a single point of accountability to manage their project needs.”

Christopher Cullens, CEO of Emerald C.M., concluded, “This union will provide immense value to all our CEA and non-CEA clients as they will be able to take advantage of the expertise, scale, and the complete suite of professional services that urban-gro offers. We’ve developed a strong partnership with urban-gro, and I couldn’t be more excited for both our clients and my team to experience what the combined company will offer. There is a gap in the global CEA industry, more specifically with the design build of indoor mid-sized CEA facilities, and we now have the ideal solution to fill it.”


StaffMarch 14, 2022
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4min7410

Decibel Cannabis Company Inc. (TSXV: DB) (OTCQB: DBCCF) reported an operational update with respect to its capital projects and announces its fourth consecutive month of record market share in February. The company did not release any sales figures.

“With our capital projects having achieved key milestones, it is a testament to our commitment to quality products, which continue to drive strong growth in market share” said Paul Wilson, Chief Executive Officer of Decibel. “As these strategic investments come online, we anticipate operational efficiency gains that will enhance gross margins and drive growth in our bottom line.”

Market Share Summary

Nov. 2021 Dec. 2021 Jan. 2022 Feb. 2022
Canada1 3.3% 3.4% 3.6% 3.8%
Major Markets1 4.0% 4.2% 4.3% 4.6%
Ontario1 3.1% 3.1% 3.2% 3.3%

Looking ahead the company wrote in its investor presentation for Winter 2022 that it is planning on high double digit revenue growth for 2022 with 15 new products launching in the year. The company is going to expand its flower and infused pre-rolls. It is targeting 40 – 45% product margin through investments in scale and automation and anticipating milestones of cash flow generation in first half of 2022.

Decibel said it has completed construction of Phase 1 of its processing hub expansion at the Plant. Additionally, the company has submitted a Health Canada amendment for the Phase 1 area and has initiated permitting for Phase 2 construction to complete the remainder of the capital project. Upon licensing, the Phase I area will include newly automated processing and packaging lines for dried flower and pre-roll products accompanied by significantly reduced labor and logistics costs. The Health Canada license is expected to be received within Q2 2022.

In early March, Decibel said it completed the final grow room upgrade at the Creston facility, as a part of its staged infrastructure optimization project. This upgrade is anticipated to have an immediate impact on all new harvests, further enhancing product quality and contributing to higher yields per room.

Thunderchild Infrastructure Optimization

The company said it is accelerating the implementation of the staged infrastructure optimization at its Thunderchild Cultivation Facility which is expected to be complete by end of April. Once complete, this upgrade is expected to further enhance product quality and contribute to higher yields, to better meeting growing demand for Decibel products. Production volumes are expected to be partially impacted in mid Q2 and resuming full run-rate production by start of Q4.


StaffMarch 14, 2022
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4min7630

Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) announced preliminary results for the full year ended December 31, 2021. The company reported a 156% increase in annual revenue to $460 million over last year’s $179 million. The  net losses rose by $27 million to $146 million. The company posted the following amounts in a statement:

 

Full Year 2021 U.S. GAAP Preliminary Results

Year Ended December 31,
2021 2020 YoY Change
Revenue $ 460,080 $ 179,503 156%
Gross Profit $ 194,015 $ 62,143 212%
Net Loss $ (146,853) $ (119,649) $ (27,204)
EBITDA (Non-GAAP) $ (63,698) $ (109,859) $ 46,161
Adjusted EBITDA (Non-GAAP) $ 57,852 $ (19,800) $ 77,652

Full Year 2021 IFRS Guidance and Preliminary Results

The following table represents a comparative between the Company’s preliminary results for the year ended December 31, 2021 based on IFRS compared to the Company’s most recent 2021 guidance as issued on November 12, 2021:

Metric IFRS Guidance IFRS Preliminary Results
Combined Revenue $470M – $485M $473.8M
Combined Adjusted Gross Margin (Non-IFRS) (1) 46%+ 45.1%
Combined Adjusted EBITDA (Non-IFRS) $85M – $95M $85.1M

 

At this time, the Company is working to complete its first U.S. GAAP audit and will report its financial results for the fourth quarter and full year ended December 31, 2021 before U.S. financial markets open on Thursday, March 24, 2022.


StaffMarch 14, 2022
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6min7890

ASCEND WELLNESS HOLDINGS

ANDREA CABRAL – CEO OF MASSACHUSETTS, ASCEND WELLNESS HOLDINGS (OTC: AAWH)

 

What is your proudest accomplishment in the cannabis industry?

My proudest accomplishment is my contribution to the creation and growth of a vertically integrated adult-use cannabis company in Massachusetts in 2018 right on the heels of adult-use legalization. AWH started in Massachusetts with five people and we were one of the first, if not the first, adult-use cannabis companies in the state. MassGrow and Ascend Mass – our cultivation, manufacturing, and retail operations – have grown enormously in less than four years and during a pandemic where the adult-use market was initially deemed non-essential. It still amazes me.

 

Do you feel that the cannabis industry has more opportunities for female-identifying people than other industries?

As a relatively new and therefore more open industry, cannabis presents more opportunities for female-identifying people, and certainly, there are a lot of female entrepreneurs in the space, but executive and middle managerial leadership is still predominantly male. There are a number of reasons for this that are not specifically tied to gender bias, but that bias does exist and the cannabis industry is not immune to its consequences. Companies must be very intentional and focused on recruiting and retaining female participation and leadership at all levels. It does not happen organically.

 

Do you feel you have to work twice as hard as male colleagues or do you think the industry has moved past that?

I don’t personally feel that I have to work twice as hard as male colleagues, but that is due in part to the professional background I brought to the job and my title, but I am certainly aware that my circumstances are unique. Again, the cannabis industry is not immune to perceiving competence and judging work performance very differently based on gender.

 

What was your biggest challenge in business and how did you overcome it?

My biggest challenge was learning the business of business.  I came to cannabis from a 28-year career in government, politics, and law enforcement. Learning about private industry, particularly a new and exciting one like cannabis was a very big challenge, but such a fun and rewarding one. Also, the nexus between government and cannabis created by legalization and regulation is just fascinating given their historical antagonism and I wanted to be part of how that relationship developed in Massachusetts.

 

What has you or your company done to help give more opportunities for women?

I have been very intentional about hiring female-identifying people at all levels and wherever possible. But mere hiring isn’t enough. There has to be a commensurate focus on retention and the kinds of opportunities for professional growth and advancement that make retention sustainable. Those things can be very different for men and women. It’s also a challenge because there’s a lot of natural attrition in cannabis and while many are comfortable getting into the industry, many still are not. Federal legalization would change that.

 

What are your personal goals for 2022?

My personal goals for 2022 involve pushing for review of state regulations to make them more consonant with the actual impact the industry has had on the state versus the impact policy and law makers feared it would have.  None of the anticipated public safety consequences, which heavily influenced regulatory content, have occurred.  Cannabis companies not only bring significant revenue to municipalities and the state, their presence improves the communities in cities and towns where they operate in many ways. The stringency of the regulations should reflect that.

 

Bio

Andrea J. Cabral is the Massachusetts CEO of Ascend Wellness Holdings, a vertically integrated, multi-state cannabis company.  She leads MassGrow LLC, a cannabis cultivation and manufacturing company and Ascend Mass LLC, a multi-site adult use retail cannabis company.  In 2020, she was listed by Forbes Magazine as one of Fifteen Powerful and Innovative Women in Cannabis.  Her leadership in AWH follows a 28-year career in government and public service.  Andrea is a former Assistant District Attorney, the twice-elected Sheriff of Suffolk County and a former Patrick Administration Public Safety Secretary.  She is the Chair of the Public Safety and Community Mitigation Subcommittee of the Cannabis Advisory Board appointed by Attorney General Maura Healy as an expert in criminal justice reform.

 

Ms Cabral also provides weekly commentary and legal analysis on Boston Public Radio, The Jim and Margery Show on WGBH Boston Public Radio.

 

She is a graduate of Boston College and Suffolk University Law School.


StaffMarch 13, 2022
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5min7760

QUIM

CYO NYSTROM – FOUNDER AND CEO, QUIM

 

​​What is your proudest accomplishment in the cannabis industry?

  • Surviving! So many amazing brands in the cannabis industry have closed doors and it’s an honor to still be here. 
  • Also, we were recently sent some info from NewFrontier Data that showed Quim THC products as one of the top-selling topical brands in California which was so exciting! 
  • Do you feel that the cannabis industry has more opportunities for female-identifying people than other industries?
    • Not necessarily but honestly, I’ve been working in the cannabis industry since 2015 so am probably a bit out of touch. As a personal-care company, I’m excited to share that the majority of founders I encounter are female-identifying but that’s definitely not the case in the cannabis industry.
  • Do you feel you have to work twice as hard as male colleagues or do you think the industry has moved past that?
    • Hmmm, this is a tough question and one I try not to dwell on much. I’ve never lived as a man so who knows what it’d be like? One of my favorite musical artists, Mikalya McVey just released a music video for her song “New Year” and there’s a lyric that perfectly sums this up— What would it be like to be a beautiful, young man?  Sometimes I wonder but not too often because who’s got time for that??
    • In my darker moments, I see male founders raise millions of dollars for businesses that are pre-revenue or for businesses that address male sexual health and feel a tinge of envy and resentment. But I try to release it as soon as I recognize it. My success or failure is my responsibility, which is both empowering and terrifying, but it’s mine. 
  • What was your biggest challenge in business and how did you overcome it?
    • As a sexual wellness company that uses cannabinoids in our products, we’re up against two long-standing stigmas. The biggest challenge for Quim has been finding investors who believe in our mission and vision. 
  • What has you or your company done to help give more opportunities for women?
    • Our products are designed to address intimate health issues experienced by people with vaginas (yeast infections, endometriosis, PCOS, UTIs, difficulty climaxing, etc).  Through product creation, we’re supporting people with vaginas (not just female-identifying) in the quest to care for their own bodies in a way that makes sense for them. Our mission is to de-stigmatize and normalize subjects that have historically not been given enough attention. Through dispensary education, we’re giving women (and men) the opportunity to learn about vaginal health through a different lens, which has proven to be invaluable!
  • What are your personal goals for 2022?
    • Close our seed round. Launch 4 new products. Grow the team with essential new hires. 

 


StaffMarch 12, 2022
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9min16630

LEAFLINK

CLAIRE MOLONEY – SENIOR REGIONAL DIRECTOR, EAST, LEAFLINK

 

What is your proudest accomplishment in the cannabis industry?

Of course, it has been a very special journey as the first hire of LeafLink to be a part of our growth from the beginning: I still fondly remember celebrating the very first order on our marketplace back in 2016 (shoutout to Infinite Wellness in Colorado!), and now we have over 10,000 brands and retailers doing nearly $5B in orders on our much more robust supply chain platform. There are so many big team wins and contributions that have gone into that.

 

If I had to pick one thing, though, it would be that I’m proud of the amazing team of nearly 300 people (and counting) that LeafLink has built. I genuinely enjoy working with my fellow LeafLinkers – they are some of the smartest, most passionate people I’ve ever met. We really don’t have anyone simply clocking in and clocking out here, because everyone is so dedicated to building a product and an experience that will shape this industry for the better.

 

Do you feel that the cannabis industry has more opportunity for female-identifying people than other industries?

Yes, I do. Regulators, especially in states like NY and MA, have been extremely intentional in designing inclusive regulations that give more access to people of color, women, veterans, and other underrepresented groups. Because of this, we’re seeing more female-founded companies and commitments to hiring women than we might in other traditional industries. Of course, there is always more work to be done here, and I’m excited to see the industry keep pushing itself in a more equitable direction.

 

Do you feel you have to work twice as hard as male colleagues or do you think the industry has moved past that?

I think two key things make cannabis a great industry for women: the amount of opportunity and the awareness surrounding bias of all kinds (gender, race, sexual identity, and more). The birth of cannabis during this specific time period is unique, because there has been a global shift in how people are thinking about equality, and the cannabis community is really embracing that in how we think about moving this illicit industry to a regulated one, and making sure we do that thoughtfully.

 

However, I don’t think the work is anywhere near done. I do think women still need to work harder than their male colleagues do to prove that they are deserving of the same opportunities. There are still systemic biases that persist that create barriers for us (and for many other underrepresented groups). But, I think we should all be encouraged by the progress we’re making: every step forward we’re taking, no matter how small, is a step the women who follow us won’t need to take when they go for that promotion, that coveted initiative, that leadership position. On a personal note, every extra hour I spend perfecting presentations, crafting decks, or preparing for client meetings might just show someone in that room how powerful a woman at work can be, and that might be another hour a future woman won’t have to spend. I find that extremely motivating. 

 

What was your biggest challenge in business and how did you overcome it?

 

My personal biggest challenge was learning how to get comfortable with constant change at a rapidly growing startup. As an early hire, you wear many hats – but over time, as the team grows, you inevitably need to give away your responsibilities as new, experienced colleagues join the company. At first, I was nervous about what giving away parts of my job would mean for my own future at LeafLink. Now that it’s happened so many times, I’ve learned that giving away my responsibilities is one of the most powerful things I can do for my own career, because it’s given me the chance to seize new initiatives or to spend more time on what I’m good at. Now, I jump at the opportunity to give away parts of my job to new hires (P.S. we’re hiring!)

 

What has you or your company done to help give more opportunities for women?

LeafLink has made diversity in hiring a key initiative and our Talent team reports on how we’re doing compared to our goals during our Town Halls. We spend extra time hiring to ensure we can interview diverse panels of candidates, especially for leadership positions. We partner with a number of groups, such as Women Who Code, to try to increase the number of candidates identifying as female in our pipeline. 

 

In addition to that, we have a Women’s ERG that meets monthly to foster a deeper connection across women at LeafLink. We have a buddy program within that group where women meet 1:1 to discuss the opportunities and challenges in their chosen career path. This has built a real internal community that can discuss ways to improve LeafLink for women, and it has surfaced new ideas and initiatives that we can take on to continue to make LeafLink a great place for women to work. 

 

What are your personal goals for 2022?

My personal goal in 2022 is to make a real impact in the upcoming adult use market in New York. I was born and raised in New York, I went to a state-funded college in New York, and I’ve worked in New York City for the last decade. I’ve spent the last 6 years launching LeafLink in states across the country, and I finally get the chance to launch it here – it’s truly coming full circle. I am so inspired by the regulators and community in New York, because I have witnessed their serious dedication to making our market the most diverse and inclusive in the country. Whether it’s bringing LeafLink’s technology to this market to help entrepreneurs rapidly scale their new businesses or simply lending advice to prospective licensees based on my years of experience in the industry – I want to do my part in making New York the best cannabis market in the world.

 


StaffMarch 11, 2022
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4min9630

LANTERN

 

MEREDITH MAHONEY – CO-FOUNDER AND CEO, LANTERN

 

What is your proudest accomplishment in the cannabis industry?  

  • Lantern runs social equity incubators in 4 markets: Boston, Denver, Detroit, and New Jersey, and it’s been incredible getting to know the next founders and leaders in the cannabis space. I’m a startup person at heart, so I derive a lot of energy from meeting founders and watching them launch their businesses.

Do you feel that the cannabis industry has more opportunities for female-identifying people than other industries? 

  • Cannabis definitely should have more opportunities for women, given that it’s a newer industry full of open-minded, innovative people, but we can’t sit back and assume that opportunities will naturally develop.  We as female-identifying leaders, along with our male colleagues, need to diligently create the structural framework to ensure that these opportunities are created, and stay vigilant to ensure opportunities for women expand.

Do you feel you have to work twice as hard as male colleagues or do you think the industry has moved past that? 

  • At some points in my career, I’ve had to work a lot harder than my male counterparts, and at other times I’ve had to work differently.  In all cases I’ve had to demonstrate a higher level of competence than the men around me, but that isn’t specific to the cannabis industry.  Society and business still demand more from women, which is a reality that professional women have to face constantly.  The good news is that as you become more senior, you care less.  But it’s always there.

What was your biggest challenge in business and how did you overcome it? 

  • The biggest challenges for Lantern are the same ones that every cannabis business faces: ambiguity, uncertainty, the dual legality of the plant.  But these challenges also make the work interesting, fulfilling, and fun.  The work we’re doing today will forge the path for future cannabis leaders, for decades to come.

What have you or your company done to help give more opportunities for women? 

  • When we started Lantern, we decided that our team needed to look very different from the typical cannabis business: less white, less male.  To hit this goal, we created specific hiring processes to ensure that we would find and hire top talent that fits that objective.  So far, we’ve been successful in creating a very diverse team, but we’ll never be done.  Guaranteeing that we continue to build our team with incredible female-identifying and BIPOC leaders take consistent focus and effort.

What are your personal goals for 2022? 

  • Meeting more senior women in the industry, deepening my personal and professional female relationships, and spending more time outside.

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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


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