Executive Spotlight: Marc Beginin

Marc Beginin is the Founder and Chief Executive Officer of Precision Extraction Solutions, the world’s leading provider of cannabis and hemp extraction technology.

Under Mr. Beginin’s leadership, Precision scaled from a seed-stage startup in 2014 to the top of the worldwide extraction equipment industry today. He has focused on leveraging Precision’s unique industry knowledge and technological expertise to serve its commercial and industrial clients with an emphasis on robust execution, operational excellence, and the highest levels of customer service.

In the process, Mr. Beginin has made Precision a streamlined, agile, process-driven, and tactical organization while maintaining its entrepreneurial culture and innovative spirit. Capitalizing on a hypergrowth industry in a rapidly developing regulatory landscape, the company is poised to more than double its revenue again in 2020.

As an experienced attorney and entrepreneur with over 25 years of professional experience, Mr. Beginin brings deep expertise in business strategy, capital allocation, product differentiation, and scaling operations with a resolute focus on company culture and ongoing risk management.

Full birth name: Marc Beginin

Title: Founder, CEO

Company: Precision Extraction Solutions

Company Website: www.precisionextraction.com 

Years at current company: 7 years

Education profile: 

B.A. in Political Science from the University of Michigan 

J.D. degree from Wayne State University Law School

Most successful professional accomplishment before cannabis:  

Before engaging in the cannabis industry, I built an internationally recognized law practice, specializing in criminal defense, intellectual property, entertainment and business law.

Company Mission: 

At Precision Extraction Solutions we are “constantly challenging ourselves to deliver more to our clients”. We are committed to helping our clients thrive in the extraction industry through continuous innovation with unsurpassed safety and unparalleled customer service.

Company’s most successful achievement: 

Fostering a company culture that has developed a team of remarkable people passionately driven and focused on success, while encouraging boundless vision, exceptional teamwork, harnessing collective intelligence with zeal to over-achieve, while maintaining a CAGR well above industry growth in a rapidly evolving industry and tumultuous business environment.

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

If so, how much?: $5 Million

Any plans on raising capital in the future?  Yes. We are currently engaged in a Series B funding raise to fuel the continued rapid growth of the business.

Most important company 5-year goal: We are focused on continuing Precision’s rapid growth while concentrating on three unwavering organizational commitments that have kept Precision on course: i) customer satisfaction at all costs; ii) constant focus on technological innovation; and iii) a company culture built on respect, trust, and hard work. By staying focused on people and innovation, Precision will continue to rapidly grow, and be the dominant player in the worldwide extraction equipment industry. 

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