Green Thumb Industries Inc (OTCMKTS:GTBIF) Stock On Radar After Expansion of Executive Leadership Team

Nationwide cannabis consumer packaged goods firm Green Thumb Industries Inc (OTCMKTS:GTBIF), which also owns RISE Dispensaries, is in the news this morning after it made a major new announcement. The company announced today that it had made appointments for as many as four executive positions and also inducted a new member to its board of directors.

Trading Data

On Tuesday, GTBIF stock slumped 2.93% to $9.99 with more than 481.81K shares, compared to volume of 511.40K shares. The stock moved within a range of $9.94 – 10.76 after opening trade at $10.65.

Green Thumb Industries Announces Expansion of Executive Leadership Team

The appointments were that of Matt Faulkner to Chief Financial Officer, Anthony Georgiadis to President and Brett Kravitz to General Counsel and Secretary. On the other hand, a new Chief Administrative Officer was also appointed in the form of Rachel Albert. Last but certainly not the least, a new member of the board was also appointed in the form of Dawn Wilson Barnes.

The appointments that were made by Green Thumb would go into effect on January 1, 2023. It goes without saying that all the appointments were key ones and could have a major impact on the company’s future going forward. Ben Kovler, who is the Chairman, Founder and Chief Executive Officer of the company, noted that the appointments reflected the natural evolution of those employees who had been high impact performers. Hence, it had been decided to bump them up to positions of higher responsibilities.

Key Quote

“These changes reflect the natural evolution of high-performing team members to positions of greater responsibility and demonstrate our conviction in the strength of our leadership,” said Green Thumb Founder, Chairman and Chief Executive Officer Ben Kovler.