Executive Spotlight Archives - Page 2 of 4 - Green Market Report

StaffStaffJuly 3, 2019
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5min3510

Beth Stavola is a leading cannabis entrepreneur. She was formerly the Chief Operating Officer, President of US Operations, and Board Member of MPX Bioceutical Corporation, and is now the Chief Strategy Officer and Director for iAnthus. Beth is also the founder of the top CBD beauty and wellness brand, CBD For Life, a privately-held company that provides customers with the benefits of cannabinoids while avoiding unwanted psychoactive effects. Previously, Beth worked on Wall Street with Jefferies and Company, rising to the position of Senior Vice President. She is actively involved in organizations that promote women in the cannabis industry and in 2014 was named as one of the leading medical cannabis entrepreneurs by Congresswoman Dina Titus, on the floor of the House of Representatives.  In 2017, Cannabis Business Executive named Beth #3 on the “CBE 75 Most Important Women In Cannabis” list.

GMR Executive Spotlight Q&A –

Full birth name: Beth Stavola  

Title: Chief Strategy Officer and Director

Company: iAnthus Capital Holdings

Years at current company: <1 

Education profile:  Beth Stavola holds the esteemed honor of being named as one of the leading medical cannabis expert entrepreneurs on the floor of the House of Representatives in 2014 by Congresswoman Dina Titus. She holds a BS in Finance and Economics from Monmouth University and spent most of her Wall Street career at Jefferies and Company.  

Most successful professional accomplishment before cannabis:   While I structured and closed many deals during my time in finance, being the #1 producer in my department the most times during a ten-year career at Jefferies is the highlight. I think it shows my determination to succeed professionally no matter the industry. A personal investment in medical cannabis lead me on this incredible journey where I am able to combine my passion and experience to help people. Sometimes opportunities happen where you least expect them and working with people who have different perspectives can open your mind to new ways of thinking and growing your business.

Company Mission: In the high growth environment of the U.S cannabis market, an experienced team, access to capital and an ability to grow through acquisition are the three key drivers of a company’s success. iAnthus was founded by entrepreneurs who bring together market leading experience in operations, capital markets and M&A.

Combining these skills, we are building a cannabis company that will seize the opportunities this emerging industry offers.

Company’s most successful achievement:  The transformational Deal with MPX which closed in February 2019 was the first public-to-public U.S. cannabis transaction with an HSR filing to be approved by the Department of Justice. The combined company now has operations in 11 states. 

Has the company raised any capital (yes or no): if so, how much?  

We have raised 360mm CAD to date.

Any plans on raising capital in the future? I’m unable to comment on future plans.

Most important company 5-year goal:  Our biggest goal is to expand our brands into new and diverse markets as they open up in the U.S. and abroad. This will ensure that our customers receive the highest quality products in a timely, efficient and reliable way, as our brands become recognized nationally and internationally under the iAnthus umbrella.

 


StaffStaffJuly 2, 2019
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5min4730

Andrew Berman is a versatile executive with a unique background and skill set. Mr. Berman has a B.A. from the University of Michigan and a J.D. from the University of Miami School of Law. He clerked for two federal judges and practiced law for eleven years in San Francisco before joining the Business Affairs group at America Online. After AOL, Mr. Berman became CEO of AirLink Communications, Inc., an early-stage wireless data company located in Hayward whose success culminated with a merger into Sierra Wireless, Inc. Staying aboard as the publicly traded company’s Senior Vice President & General Manager, Berman led all facets of Sierra Wireless’s AirLink business unit, including its North American growth and international market expansion. Berman then joined Cricket Media, Inc., a public company in the education media sector, as Chief of Staff to the CEO.

Most recently, Mr. Berman was an Entrepreneur in Residence at ZG Ventures, LLC, a prominent venture capital firm based in Washington, DC. Mr. Berman also has extensive experience in local government relations and community building, having served on the Mill Valley City Council and as Mayor and Vice Mayor of Mill Valley. His public service also includes serving as Chair of the Marin County Telecommunications Agency, on local Planning Commissions and on County Emergency Medical Boards, through which he developed expertise in land-use and public safety issues at the local level.

GMR Executive Spotlight Q&A – 

Full birth name: Andrew Berman

Title: Chief Executive Officer

Company: Harborside Inc.

Years at current company: 1.5

Education profile: BA @ University of Michigan, JD @ University of Miami School of Law

Most successful professional accomplishment before cannabis: Andrew was a partner at a law firm before moving into the business world. After holding various executive roles at AOL, AirLink Communications, Sierra Wireless, and Cricket Media, Andrew made the move to Harborside, occupying the role of CEO of one of the biggest names in cannabis.

Company Mission:  Since its inception, Harborside has always strived to retail, cultivate and curate the best in California cannabis. They have stayed true to their pillars of customer trust, choice and value.

Company’s most successful achievement: Harborside’s history has been filled with milestones: from the first legal sale of cannabis in California in 2006 to recently listing as a public company on the Canadian Securities Exchange. Soon, Harborside will open a retail location in Desert Hot Springs with the second cannabis drive-thru in the state. But perhaps Harborside’s biggest achievement is their longevity and legacy. Despite being a non-profit company until 2018, Harborside has thrived and grown into one of the most trusted names in the industry. 

Has the company raised any capital (yes or no): Yes – Harborside completed three rounds of  funding prior to listing on the Canadian Securities Exchange on June 10.

If so, how much?: $6.5M Series A, $27M Series B, $15M in May 2019

Any plans on raising capital in the future? Yes – we are now a publicly listed company (Ticker: HBOR) on the Canadian Securities Exchange.

Most important company 5 year goal: Harborside is looking to expand in multiple areas. The company is aiming to innovate and create new brands, as well as fully launch the Key brand, a product line that provides premium quality at affordable prices. Key products have gained traction in 50 dispensaries statewide with just a soft launch. Harborside will also optimize output at its cultivation sites, in addition to opening new retail locations in and San Leandro and Desert Hot Springs. The company’s overarching goals remain the same as they always have been: be northern California’s premier cannabis company, build a quality work experience for our team, continue to be the Best in the Bay, and provide trust, choice and value to our customers. 

 


StaffStaffJuly 1, 2019
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3min1870
Vern Keenan is a new market visionary and serial entrepreneur. A graduate of Northwestern University with a degree in Bio-Medical Engineering, Vern established his career as a technical and networking Director at Genentech and Oracle corp, before becoming an entrepreneur. During the Internet boom, Vern made a name for himself as one of the foremost analysts for eCommerce with his firm Keenan Vision. Vern later started Berkeley Logic, a tech services and consultancy focused on the small to medium sized business market. From there, Vern started Telnexus LLC, a VOIP services telecommunication company. Vern developed and implemented the telecom tax calculation engine for Telnexus that was the precursor to the Taxnexus cannabis tax compliance solution.
GMR Executive Spotlight Q&A –

Full birth name: Vernon Keenan, III

Title: CEO

Company: Taxnexus, Inc.

Years at current company: 1

Education profile: Bachelors in Biomedical Engineering (BSc) from Northwestern University 

Most successful professional accomplishment before cannabis: Global tech analyst

Company Mission: Make tax compliance easy for all cannabis taxpayers

Company’s most successful achievement: Monetizing the only cannabis tax regulation database in the world!

Has the company raised any capital (yes or no): Not yet

Any plans on raising capital in the future? Currently raising a $1M round on a $5M-pre  SAFE suitable for angel investors or seed-stage funds

Most important company 5 year goal: Wow, five years…be the nexus for all things tax!


StaffStaffJune 28, 2019
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7min1790

Brandon Wiegand brings years of cannabis industry experience to his position as director of operations for The+Source, one of Nevada’s first and most popular dispensaries. Wiegand joined The+Source in June of 2017 and in addition to working closely with every department in the organization, oversees policy development and standard operating procedures. He is also responsible for monitoring the ever-evolving regulatory guidelines set forth by the State of Nevada to ensure The+Source remains a leader in compliance.  A strategic leader with a proven track record of continually improving operations and efficiency, Wiegand believes in mentorship and practices hands-on leadership. 

He has managed numerous successful company transitions for The+Source, including the transition of sales from medical to retail at the Las Vegas and Henderson dispensaries and the transition to Metrc, a turnkey solution specifically designed for government agencies regulating legalized marijuana.

Prior to joining The+Source, Wiegand oversaw operations of the production team at The Grove Investment Group (TGIG, LLC), a vertically integrated cannabis enterprise with Nevada licenses in dispensary, cultivation and production. While employed by The Grove, Wiegand managed the development and production of concentration products for various cannabis brands. He learned the complexities of responsible product development and distribution, especially in the areas of inventory management, supply chain, vendor relations, packaging, branding, order processing and compliance.

GMR Executive Spotlight Q&A – 

Full birth name: Brandon Wiegand

Title: Director of Operations

Company: The+Source, a Green Growth Brands company 

Years at current company: 2 years

Education profile: I received my BSBA in Real Estate Finance from the University of Las Vegas, Nevada (UNLV), where I was a member of the Beta Gamma Sigma-International Honor Society. During my time at the university, I was President of the UNLV Real Estate and Business Society (REBS) and a Certified Commercial Investment Member and Bernie Isaacson/ Commercial Marketing Group/Lied Institute CREC Scholarship Recipient. 

Most successful professional accomplishment before cannabis: There are a number of accomplishments that I could point to, but I think Build a Greener Block was the one that meant the most to me personally and did the most for my real estate career. Build a Greener Block was a crowdsourced and crowdfunded redevelopment event that took over several vacated buildings in the Arts District in downtown Las Vegas for a weekend and transformed them with pop-up businesses, community events, and a ton of elbow grease. The event served as a catalyst for redevelopment in the immediate area and resulted in several of the pop-up businesses turning into permanent businesses that are still in operation today. The Build a Greener Block project taught me the impact that a single idea can have on a community.

Company Mission: Our mission is to provide a safe, clean, comfortable, respectful and compassionate environment, where our patients and customers can easily and affordably obtain a host of wellness products and services. We are dedicated to helping our patients through the healing process with a variety of wellness programs, education and advocacy, positive encouragement, mutual respect and a safe environment in both Vegas and Henderson. All activities will be conducted in compliance with Nevada law.

Company’s most successful achievement: Our single most successful achievement has been the award of seven additional dispensary licenses in the state of Nevada during the last application period. That was a very clear vote of confidence in our operation and our ability to execute, which is a result of the incredible team we have built.

Has the company raised any capital (yes or no): 

If so, how much?:  Yes,  Green Growth Brands has raised about USD$130 million to date. 

Any plans on raising capital in the future? It is really exciting to be a part of the Green Growth Brands team at The+Source, where we are currently focused on growing our operations throughout Nevada with the seven additional retail licenses we were recently awarded. GGB is also quickly scaling cannabis operations throughout Massachusetts and Florida along with opening over 200 CBD shops throughout the country. As the company continues to scale its ambitious strategy, I expect there may be additional need for capital. 

Most important company 5 year goal: Our team is our secret sauce – we have done an exceptional job recruiting and developing talent that sets us apart. As we continue to grow and scale, we know it will become more difficult to maintain the culture, but that will be the most important company goal we can focus on. The cannabis industry is dynamic and iterative – it’s difficult to look out 5 years from now and articulate what our exact strategy should be, but I do know that it will be impossible to achieve without the right team and a strong culture of excellence.   

 


StaffStaffJune 27, 2019
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4min2970
Dr. Jared Helfant graduated Cum Laude with dual degrees in health science and business from the University of Florida while simultaneously owning and operating a successful college town nightclub and lounge, called Simon’s, in Gainesville. He has since graduated top of his class from NYU dental school and built the TLC Dental brand that includes 5 successful locations in South Florida.
At Sparx, Dr. Helfant applies his expertise to oversee operations, branding, and marketing. With a proven track record of providing top-tier, customer-facing services and long-term strategic planning, his knowledge helps facilitate budget analysis, marketing strategies, and partner relationships.
GMR Executive Spotlight Q&A – 

Full birth name: Dr. Jared Noah Helfant 

Title: Co-Founder and President 

Company: Sparx Cannabis

Years at current company: 1

Education profile: Dr. Jared Helfant graduated Cum Laude with dual degrees in health science and business from the University of Florida. He has since graduated top of his class from New York University Dental School.

Most successful professional accomplishment before cannabis: Help build the TLC Dental brand that includes five successful locations in South Florida.

Company Mission: Sparx Cannabis is a California-grown, vertically-integrated and family-owned lifestyle brand that fits into the everyday life of cannabis consumers across all demographics and backgrounds. 

Sparx wants to remove the stigma and stereotypes that are associated with cannabis by showing how cannabis fits into the motto “Everyone, Everyday.” Sparx Cannabis strives to provide the highest quality, premium product through state-of-the-art technology and innovations that continue to move the industry forward. 

Company’s most successful achievement: Raising $10,000,000 in Series A funding to help expand the company’s footprint, hire more hard working employees and give back to the community. 

Has the company raised any capital (yes or no): Yes

If so, how much?: $10,000,000 in Series A funding was announced this month (June 2019)

Any plans on raising capital in the future? We do plan to raise additional capital in the future, but right now we are focused on utilizing our most recent Series A funding of $10 million. 

Most important company 5 year goal: In five years, Sparx Cannabis hopes to expand our footprint into multiple markets across California and potentially the country depending on how regulations change.


StaffStaffJune 26, 2019
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4min3750

No stranger to entrepreneurship, Corey Mangold started his first company at the young age of 18. Even in his teens, he understood the great risk, and potential reward of going into business for yourself and accepted that challenge head-on. 

That risk has paid off more than once for Mangold, who has built multiple successful businesses over the last 20 years, the most notable so far being co-founding Gigasavvy, a leading Southern California advertising agency. Gigasavvy has launched and managed award-winning campaigns for Toshiba, Knott’s Berry Farm, Johnny Rockets, Hi-Chew Candy, Tenet Healthcare, and Northgate Markets, to name a few. 

Despite the numerous noteworthy clients and accolades, Corey Mangold measures success a little differently. When asked what his biggest achievement is, he highlights two things–building companies that feel like families who work passionately together toward a common goal and never compromising personal integrity or ethics. 

It is with that same uncompromising dedication to high standards that Corey approaches the cannabis industry. A studied medical cannabis user, Mangold started Orchid Ventures, Inc. with the intent of creating products that are enjoyable, approachable, and the highest quality, truly Creating the Highest Standards in Cannabis™.

GMR Executive Spotlight Q&A – 

Full birth name: Corey Mangold

Title: Founder & CEO

Company: Orchid Ventures, Inc. (https://orchidessentials.com/)

Years at current company: 2.5

Education profile: High School, started first business at 18 years old.

Most successful professional accomplishment before cannabis: Co-Founder & Principal of Gigasavvy, a nationally recognized advertising agency that’s been Top 10 Places to Work in Orange County for 4 of the last 5 years, and winner of dozens of American Advertising Awards.

Company Mission: The mission of Orchid Ventures, Inc. (Orchid Essentials) is to be a global CPG cannabis company built on integrity and customer loyalty. We are developing a house of lifestyle brands that focus on the mass-market appeal of medicinal & lifestyle products to be sold globally in both cannabis-focused and traditional retail outlets.

Company’s most successful achievement: Created one of the top-selling brands in Oregon within the first 4 months of launching our premium vaporizer lineup.

Has the company raised any capital (yes or no): Yes

If so, how much?: Approximately $6MM USD

Any plans on raising capital in the future? No financing rounds have been announced at this time.

Most important company 5-year goal: To have over 5 brands and 100 products sold in over 50 countries and in every medicinal and recreational state within the United States, as well as non-THC products sold in major big-box retail channels.

 

 


Anne-Marie FischerAnne-Marie FischerJune 25, 2019
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6min3150

Like many in cannabis, Chris Driessen is just happy to be doing what he is doing in an industry that he is extremely passionate about. Currently the Executive Vice President of Sales & Business Development at SLANG Worldwide (“SLNG”), an industry leader in branded cannabis consumer packaged goods. SLANG, with its headquarters in Toronto, currently operates across 5 continents, including 10 states in the U.S. SLANG Worldwide has achieved over $250M in worldwide sales, with a SLANG branded cannabis consumer product being sold across the world 1 every 4 seconds.  

Full birth name: Chris Driessen

Title: Executive Vice President of Sales & Business Development

Company: SLANG Worldwide

Years at current company: Driessen assumed the role of Executive Vice President of Sales & Business Development this past January when Organa Brands, for which he was President, was acquired by SLANG International.

Education profile: Driessen acquired a Bachelor’s Degree in Public Relations from the University of North Texas’ School of Journalism

Most successful professional accomplishment before cannabis: Like many, prior to cannabis, Driessen was working in a job that he wasn’t finding personal fulfillment in despite his financial success. He considers his decision to “get out of Dodge” and into a fulfilling career his most successful professional accomplishment. Driessen worked in sales for the hospitality industry, specifically selling coffee machines. “Coffee machines are the thing that everyone has, but no one wants to buy or talk about until it breaks,” he remarked, “I felt the walls closing in around me,” Living in Denver, Colorado, he recognized he had a great thing going on in his own back yard, “I knew cannabis was my passion,” he says. After some soul searching, speaking with his family, he finally decided to make the foray into the cannabis industry where he had the opportunity to “put his skills on display”, and couldn’t be happier with his transition, especially with his recent success with his new role at SLANG.  

Company Mission: SLANG is a portfolio of branded cannabis consumer products that is a leading distributor of cannabis brands worldwide. The company operates on three core competencies: extraction, brands, and distribution. Driessen and his team recognize that within cannabis, there are so many demographics that can be appealed to, with no shortage of opportunity to market useful products to different kinds of people. SLANG seeks to reach all people with branded cannabis packaged goods that meet their needs and their lifestyle.

Company’s most successful achievement:  Driessen attributes the success of SLANG’s ability to aggregate world class brands for distribution into dispensaries over 5 continents, in 17 markets to the people and talent the company has collected.  “What makes SLANG unique is the people that have rallied under the banner of SLANG,” says Driessen, “These people are all hand-selected with a great deal of though into what puzzle pieces are going to fit together well. In putting together SLANG’s brands and the talent that represented them, the company focused on skill sets, and ensuring the individuals that were brought in had skill sets that were complementary to each other as they pursue their core competencies: extraction, brands, and distribution. “Leveraging gifts and skill sets has been what has allowed us to achieve what we have together,” says Driessen.

Has the company raised any capital (yes or no): Yes, although this is not a current focus of SLANG at the moment.

If so, how much?: The fundraising completed, to the tune of $66M CDN was to complement the transactions including acquiring and executing new brands prior to the company going public in January.  

Any plans on raising capital in the future? Driessen explains that SLANG is a company that raises money and uses it judiciously. While the company is nimble and is ready to ride with the twists and turns of the cannabis market, there are no big plans in the imminent future for a capital raise, but “our eyes are open,” he states.

Most important company 5 year goal: “Same thing it is today,” says Driessen, “We know who we are, and we stay in our lane.” SLANG will remain dedicated, now and in the future, to making world-class branded cannabis products. At the moment, SLANG doesn’t have plans to get into retail or create storefronts, “Right now, we’re all about building brand loyalty and brand awareness, and being able to execute that within the market.”

 


StaffStaffJune 24, 2019
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5min2870

Morgan Paxhia is a co-founder and Managing Partner of Poseidon, one of the longest running funds in the cannabis industry.

With over ten years experience in investing and finance, Morgan has developed a deep understanding of individual company analysis, portfolio construction, and risk mitigation. Since 2012, he has dedicated his investment focus primarily to the cannabis industry. Given the limited amount of information in this emerging vertical, the lack of institutional research, and relative industry immaturity, Morgan embraces an active approach of working closely with companies. He utilizes a “boots on the ground” methodology to better understand individual companies and the industry. Through his extensive travel across the US and Canada, reviewing hundreds of business plans and overseeing several existing cannabis investments, Morgan has developed Poseidon’s investment methodology tailored specific to the business of cannabis. Poseidon’s proprietary process is driven by the time spent in the industry and the considerable data collected over the last several years. He has created frameworks for analysis depending on sub-sector, company stage, and participation across the capital spectrum through our database of contacts, valuations, metrics, and other relevant factors.

Morgan started his investment career at UBS Financial Services working in a Wealth Management/ Investment Banking hybrid training program. The training brought a wide range of first hand experience working through several facets of the organization, including advisory teams managing assets for high net worth individuals and municipal bonds trading. Following UBS, Morgan transitioned to a Providence-based Registered Investment Advisor as an Investment Consultant. During that time, he worked under the partners of the firm doing fundamental portfolio management.

Morgan graduated from the University of Rhode Island with a B.S. in Applied Mathematics in 2005.

GMR Executive Spotlight Q&A –

Full birth name: Morgan C. Paxhia

Title: Co-Founder & Managing Partner

Company: Poseidon Investment Management

Years at current company: 6

Education profile: University of Rhode Island, BS in Applied Mathematics

Most successful professional accomplishment before cannabis: My professional accomplishment before Poseidon would go back to my entrance into the professional world of finance. I landed a job at UBS in one of their hybrid training programs. This program fast tracked my exposure to the world of finance as we worked through various parts of a large financial institution. My experience was especially memorable as I was on the municipal bond trading desk during the Fall of 2008, the very chaotic period of The Financial Crisis.

Company Mission: Poseidon dedicated its investment focus to the emerging cannabis industry with the launch of our first fund in January 2014. Investing in cannabis requires full time focus, and very active engagement. We are generally growth stage venture investors seeking legitimate companies that provide meaningful value in a highly fragmented, dynamic market.

Company’s most successful achievement: Our investors are our greatest achievement. We are industry leading investors because of their trust and support.

As a result, we have had the opportunity to build the longest running investment track record in cannabis, work with many great companies, and generate very strong returns.

Has the company raised any capital (yes or no):  Yes

If so, how much?: Our firm currently has over $140 million in assets under management between our investment strategies.

Any plans on raising capital in the future? Poseidon focuses on making great investments on behalf of our fantastic investors. We will continue to raise and deploy capital in the cannabis industry as long as we continue to have great investment opportunities.

Most important company 5 year goal: Poseidon will be over ten years old and cemented its place in history as a significant contributor to the global cannabis industry.


StaffStaffJune 21, 2019
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4min4330

SLANG Worldwide Co-Founder and CEO Peter Miller is an experienced entrepreneur with successful exits and 10 years of executive experience. He and Billy Levy co-founded Mettrum Health Corp, a leading Canadian licensed producer that was acquired by Canopy Growth. An entrepreneur with a track record in agriculture, operations, tech, and clean energy, Peter is also the Chairman of the Canadian licensed producer Agripharm. Prior to joining the cannabis industry, Peter worked in corporate development at Esri Canada. SLANG Worldwide is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across more than 2,600 stores in 11 US states.

GMR Executive Spotlight Q&A – 

Full birth name: Peter W J Miller

Title: Co-founder and CEO

Company: SLANG Worldwide

Years at current company: 2 years

Education profile: Peter studied finance and marketing, earning a Bachelor of Commerce degree from Ryerson University.

Most successful professional accomplishment before cannabis: Peter has more than 10 years of experience with agricultural, operational, and technological aspects of operating in the sector. Outside of cannabis, his most proud professional accomplishment is acting as a director and investor in a construction financing group that helped develop a network of sustainable energy projects.

Company Mission: SLANG Worldwide Inc. is a leading global cannabis consumer packaged goods company with a robust portfolio of renowned brands distributed across 2,600 stores in 11 US. We believe that trusted brands fulfilling their promises to consumers will continue to lead the cannabis market. We deliver on our promises of consistency and quality to stores that carry our products around the world. 

Company’s most successful achievement: In an industry that measures success in a variety of ways, SLANG Worldwide prioritizes on creating value for the entire industry through great cannabis products. In our first quarter as a publicly traded company, $32 million SLANG branded products were purchased by consumers and 52 million SLANG branded servings (5mg) were purchased by customers. We look forward to developing more products across form factors, helping more network partners to develop their capabilities and expanding our distribution and access to customers everywhere.

Has the company raised any capital (yes or no):  Yes

If so, how much?: The company has raised around $90M

Any plans on raising capital in the future? Yes. SLANG will raise capital at times when the cost of capital is most attractive.  The great thing about SLANG’s business model is that it is not extremely capital intensive. Incremental capital accelerates growth, however significant capital is not needed to achieve the primary goal of delivering as many servings of branded product to consumers as possible.

Most important company 5 year goal: SLANG’s goal is to have the best portfolio of branded cannabis consumer products selling through the highest number of retail shelves.


StaffStaffJune 20, 2019
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5min3540

Scott Vickers is the co-founder and CTO of Headset, Inc., turning retail data into real-time cannabis market insights.

Headset helps companies in cannabis succeed by promoting better decision making via market intelligence offerings and operational insights in a sleek, intuitive and easy-to-use package.

Prior to founding Headset, Scott co-founded Leafly in 2010.  Scott built and managed the web and mobile applications used by millions, helping to grow Leafly into the world’s largest cannabis information resource.  When not wrangling data at Headset, he enjoys spending time outside hiking in the Pacific Northwest.

GMR Executive Spotlight Q&A – 

Full birth name: Scott Vickers

Title: CTO

Company:

Headset, Inc. (https://www.headset.io/)

Years at current company: 4

Education profile: BS Computer Science, Cal State Fullerton

Most successful professional accomplishment before cannabis: Throughout my high school and college career I worked as the sole developer at a small company providing services for mortgage banks.  That company expanded and grew and was eventually acquired, teaching me a lot about the business of SaaS along the way.

Company Mission: Our mission is to help businesses easily understand the cannabis industry through data analytics and market intelligence, enabling them to make better-informed decisions, unlocking success and pushing the industry forward.

Headset has built a data analytics platform that fosters a technology ecosystem to streamline cannabis retail and business operations, provide actionable insights, and help manage the increasing amount of complexity and fast pace of this nascent yet highly competitive industry.

From retail and vendor operations to deep market intelligence, Headset helps with business decisions across the cannabis supply chain.

Company’s most successful achievement: One of our most successful achievements is having struck strategic alliances with companies like Deloitte, Nielsen and Cowen to offer them and their clients best-in-class recreational cannabis market intelligence. It is a big validation for our mission and the quality of our platform and products.

Has the company raised any capital (yes or no): Yes

if so, how much?: In January 2019 we announced the completion of our Series A round of financing. Headset secured $12.1 million in funding from a group led by Poseidon Asset Management and AFI Capital Partners. Canopy Rivers Inc. also participated in the investment round.

Any plans on raising capital in the future? Having completed our Series A funding a few months ago, we are laser focused on executing towards our short and mid-term goals, which are: improving current products and services; expanding the company’s offerings to additional U.S. states and international markets; supporting Headset’s partnerships and strategic alliances, and serving new customers within the cannabis industry and from the CPG, beverage/alcohol, and financial industries, who are taking an increased interest in this market.

Time will tell whether we’ll be raising more capital in the future. Right now, it is all about execution.

Most important company 5 year goal: Our 5-year goal is to become the standard for Cannabis Market Intelligence across companies investing and operating in the US and other international markets where cannabis legalization ensues.

However, the only certainty, especially in this industry, is change, sometimes, very dramatic changes, from local and federal regulations to other market conditions, there’s a lot of moving pieces. Our 5-year goal could change based on those market conditions, but for now our north star is the one previously mentioned.

 



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