MJBizMag July 2020 - 100

IndustryPlayers | New Hires & Promotions
By Omar Sacirbey
A look at some recent
hiring moves in the
marijuana industry
Recession-Proof Executive
A
lex D'Amico's
skill set is in
demand and
necessary in just about
any industry and at any
time. Why? Companies
can't do without
accounting, and the
new chief financial
officer for Floridabased
multistate
operator Trulieve has
plied his accounting know-how in myriad settings.
Most recently, D'Amico-who started his new
position at Trulieve on June 1-was vice president
of finance/controller for Telaria, a global software
company listed on the New York Stock Exchange.
Before that, he was director of finance/global
controllership with Cognizant, a Nasdaq-listed IT
services company. D'Amico held senior finance roles
at two other NYSE companies: Quest Diagnostics, a
medical lab business, and Synvista Therapeutics, a
biopharmaceutical company. He started his finance
career with media and entertainment firms such as
Screenvision and BMG Entertainment.
Trulieve used a professional executive search
firm to recruit D'Amico, who was looking for a
change but didn't have cannabis on his radar. When
Trulieve came knocking, D'Amico was immediately
intrigued by the sector and the company.
" I was blown away with the outreach and the
scope of what the company is doing for people, "
said D'Amico, who will continue to reside in
northern New Jersey but frequently commute to
Trulieve's headquarters in Tallahassee.
D'Amico's first goal is setting up infrastructure
and hiring staff for Trulieve's finance department.
" I have a bunch of new hires coming in this month, "
he told Marijuana Business Magazine.
Trulieve also has plans to go public, so D'Amico's
second priority will be to file a Form S-1 with the
U.S. Securities and Exchange Commission.
" When we do that and are listed with the SEC,
and we're on U.S. GAAP (generally accepted
accounting principles) financials, (the) SarbanesOxley
(Act of 2002) will be coming down the pike
and we need to build the infrastructure to be ready
for that, " D'Amico said in early June.
iAnthus Co-Founder, CEO Resigns Amid Scandal
Hadley Ford resigned as CEO and a director of
multistate cannabis operator iAnthus after a company
investigation found he failed to disclose two
loans totaling $160,000 in what was determined a
" potential or apparent " conflict of interest.
Ford's May resignation followed New York-based
iAnthus defaulting on a $4.4 million interest payment
and saying it was seeking strategic alternatives.
Several lawsuits claimed that iAnthus failed
to disclose material adverse information in the
months leading to the interest-payment default.
Ford co-founded iAnthus in 2014 after 14 years
on Wall Street, including time spent at investment
banking giant Goldman Sachs. Randy Maslow,
iAnthus' other co-founder, was appointed interim
CEO. Maslow is a telecom and internet veteran
who has served as president and a director of
the company.
Erstwhile Harborside
Exec Joins Consultancy
Andrew Berman,
who served as CEO
of Harborside, the
well-known Oakland,
California, cannabis
retailer, from January
2018 to October 2019,
joined Maine-based
consulting firm Nucleus One. During his tenure,
Berman oversaw Harborside's transition to a
publicly traded company.
His industry experience also includes having
been a partner or investor in four other marijuana
companies, including ZG Ventures, Maui Wellness
Group, Soothe Ohio and CG Global Therapies.
Berman will be based in San Francisco, giving
Nucleus One its first footprint in the western
United States. The company already has offices in
Boston and Portland, Maine.
CannaCraft Board Adds New Members
CannaCraft, a large-scale cannabis manufacturer
in Santa Rosa, California, appointed Leon
Sharyon, Mason Garrity and Gareth Clarke to its
board of directors.
Sharyon served as chief financial officer at
Lagunitas Brewing for more than a decade before
playing an instrumental role in the brewery's acquisition
by Heineken. Before Lagunitas, he was a managing
director in the Global Equity Linked Product
98 Marijuana Business Magazine | July 2020
Alex D'Amico
MJBizMag July 2020

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