Organa Brands Co-Founder Ralph Morgan Launches New Venture

The incredibly successful private cannabis oil company Organa Brands was co-founded by Ralph Morgan, who has decided to leave and focus on his new wellness venture. Morgan, not only helped start Organa Brands, but he also founded Organa Labs, the longest licensed cannabis extraction facility in the U.S.

Organa Brands does over $100 million in sales annually and sells one of its products every four seconds around the world. Morgan served as Chief Executive Officer of the company at one point and helped steer it to the juggernaut it has become. However, his passion has always been focused on wellness and he is now taking the time to get back to what he loves.

The new venture will develop CBD and full spectrum hemp oil products for retail channels, as well as support clinical research for the use of cannabinoids to address pain management, seizures, PTSD, anxiety, depression, and opioid addiction.

“This industry is not just an entrepreneurial opportunity, but a massive social movement which I am so proud to be a part of,” Morgan said. “I am beyond excited to continue carrying the torch for this movement as I develop a new business based on cannabinoid science to manufacture wellness products. Organa Brands is my life’s work and has become a shining example of what is possible when friends collaborate on something bigger than themselves. I’m so proud to be known as someone who enacted great social change through this vessel.”

Morgan will continue to serve on the Board of Directors at Organa Brands. In addition Organa’s board, he will also serve on the boards of several cannabis-centric initiatives that focus on medical research, distribution, and brand-building. Morgan holds board seats with The Levitt Pavilion, and The Growing Hope Foundation; he also serves on the advisory board for Timeless Herbal Care. Recently, Morgan has turned his attention to consulting health clinics on the medical applications of cannabinoids for the treatment of PTSD.

“Ralph has contributed immensely to the success of our business, and we wouldn’t be sitting here today without his imagination and drive for what this business has become,” said Organa Brands President, Chris Driessen. “He is a trailblazer in the cannabis industry, and a pioneer for the medical applications of cannabis. While we will greatly miss his presence in the day-to-day operations of the business, we wish him success in the next chapter of his career.”

 

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.


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