MJBiz - September 2023 - 46

INDUSTRY PLAYERS New Hires & Promotions
CFOs Depart Trulieve
and Weedmaps
The departures of chief financial
officers at Trulieve Cannabis
Corp. and Weedmaps' parent
company come at a challenging
time for the marijuana industry.
Tim Mullany, who was
appointed to the CFO role at
Florida-based multistate operator
Trulieve Cannabis, stepped
down from the job after only 10
days, according to Reuters news
service. Mullany departed for
" personal reasons, " the company
said in a news release.
Mullany was appointed after
the resignation of Alex D'Amico,
who had been with the company
since June 2020.
In August, Trulieve alleged that
Tim
Alex
Mullany
D'Amico used corporate credit
cards for personal expenses
totaling between $350,000 and
$400,000. The company said it is
considering " seeking restitution
from Mr. D'Amico ... and making
corrective tax reports relating to
any such amounts not recovered. "
Ryan Blust, Trulieve's vice
president of finance, will serve
as interim CFO, according to
the company.
D'Amico
At California-based WM
Technology, parent of
Weedmaps, Arden Lee resigned
from his role as CFO effective
July 14. Lee had been with the
company since 2019.
A spokesperson for the
company said Mary Hoitt has
been appointed interim CFO,
and an executive search for
a permanent replacement is
underway.
Arden
Lee
iAnthus Appoints
CEO and Director
New York-based
multistate
marijuana
operator
iAnthus Capital
Holdings
appointed
Richard
Proud as CEO
and board director. Robert Galvin,
who was interim CEO, will continue
as interim chief operating officer.
Proud most recently was
Richard Proud
executive vice president of
revenue for New York-based
Curaleaf Holdings, where he
managed revenue and inventory
strategies. Before Curaleaf, Proud
was vice president of merchandise
planning, allocation and product
strategy for fashion brand Groupe
Dynamite and senior director of
merchandise planning for American
Signatures and Abercrombie &
Fitch Co.
46 September 2023 | MJBizMagazine
4Front Ventures Updates
Senior Management Team
Phoenix-based multistate
operator 4Front Ventures
Corp. announced that Chief
Financial Officer Keith Adams
stepped down from his position
effective July 31.
Nicole Frederick, director of
external reporting, will serve as
interim CFO while the company
searches for a permanent
replacement. Frederick worked
at " big four " accounting firm EY
(formerly Ernst & Young) and
served as senior financial analyst
and external reporting manager at
Centuri Group, an infrastructure
services company, before joining
4Front Ventures.
New Leaf Ventures Selects
New CEO and Director
Vancouver, British Columbia-based
cannabis financing firm New
Leaf Ventures announced Dean
Medwid as its new CEO and
director after the resignation of
Michael Stier. Board members
Christopher Cooper and Daryn
Gordon also tendered their
resignations.
Medwid joined New Leaf
Ventures in January as president
and chief operating officer.
Previously he served in the same
role at SaaSberry Innovation
Laboratories, High Profile Holdings
and Mindfield.
New Leaf also appointed Ryan
Arthur to the board of directors
and as corporate secretary. Arthur
is the president of CR7 Investments.
He has held director positions
at Nova Lithium Corp. and
ISM Resources Corp.
PharmaCielo Appoints
Chair and CEO
Toronto-based cannabis producer
PharmaCielo promoted Marc
Lustig to board chair and CEO of
the company, which has operations
in Colombia. Former chair and

MJBiz - September 2023

Table of Contents for the Digital Edition of MJBiz - September 2023

MJBiz - September 2023 - CT1
MJBiz - September 2023 - CT2
MJBiz - September 2023 - Cover1
MJBiz - September 2023 - Cover2
MJBiz - September 2023 - 3
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MJBiz - September 2023 - 5
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MJBiz - September 2023 - Cover3
MJBiz - September 2023 - Cover4
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