Maitri Elevated Wellness was founded by third-generation Southwestern Pennsylvania residents who are deeply invested in the region’s wellbeing and development. They view Pennsylvania’s medical marijuana program as an opportunity to help patients suffering from serious medical conditions, support intervention efforts to address the region’s opioid crisis, and provide career training and well-paying jobs for local residents in the medical marijuana industry.
A diverse group of over 200 Southwestern Pennsylvania residents provided the startup capital to make our vision for a locally-rooted and community-based cannabis company a reality. “We are privileged to serve Pennsylvania patients at our two dispensaries in Southwestern Pennsylvania in Pittsburgh and Uniontown. Our Grower/Processor facility in O’Hara Township is under construction and we look forward to launching our unique line of medical marijuana products in 2020.”
Jimil Wilson, Chief Executive Officer at Maitri
Jimil Wilson, Chief Executive Officer at Maitri, is a dynamic and highly accomplished cannabis industry professional with a proven track record of expertise in business development, finance, and investment strategies. Before taking over as CEO Jimil led the development and management of the company’s financial materials and functions, risk management and insurance coverage,as well as provided strategic direction for the Company’s financing and long-term investment strategies, as CFO. Prior to devoting his work fulltime to Maitri in 2017, Jimil worked in finance business development for over 15 years as an effective entrepreneur and leader within various organizations in the banking industry. Jimil has a Masters Degree in Finance from Carnegie Mellon’s Tepper School of Business and Bachelors Degree in Economics from Washington & Jefferson College. Jimil serves on the board of the Pennsylvania Cannabis Coalition, the Pace School, and Washington & Jefferson College. A highly motivated top-performer, Jimil leverages a deep understanding of trading and business development strategies to drive revenue and exceed profitability targets.
CEO of Maitri
Years at current company:
4 years (2017-Present)
Carnegie Mellon University – Tepper School of Business – MBA Finance
Washington & Jefferson College – BA Economics
Royal Holloway, University of London – Economics Course
Most successful professional accomplishment before cannabis:
My most successful accomplishment before I worked in cannabis probably took place when I worked at PNC helping to build several business lines working in their capital markets group for over 11 years. I had the opportunity to build two multimillion-dollar businesses whilst I was at the bank.
Our Mission is to cultivate, produce and dispense quality medical marijuana products for Pennsylvania patients who suffer from qualifying medical conditions and diseases.
Company’s most successful achievement:
Maitri’s most successful achievement has been our ability to take on multi-state operators and remain a company that is focused on the mission we started with at the beginning – which was to treat our employees the right way as well as to bring craft cannabis on a commercial scale to the PA market.
Has the company raised any capital (yes or no): if so, how much?
Maitri has raised over $15m in equity capital and over $4m in debt capital.
Any plans on raising capital in the future?
There are always plans to raise capital and maximize our use of the capital markets. It is often very difficult to raise capital in the cannabis market as a result of federal restrictions, but we have proven to be successful in this endeavour. We don’t see any obstacles in our way and have a great story to tell investors now and in the future.
Most important company 5-year goal:
Maitri’s most important 5-year goal is to continue to grow the business whilst maintaining our culture as we continue to scale the business. Our culture has been instrumental in our success to date and will continue to be key as we grow and expand our business inside and outside PA. Maitri also wants to continue fighting for adult use legalization in Pennsylvania to help further increase access to safe and legal cannabis.