Here is a summary of the latest company shakeups within the cannabis industry.
TILT Announces Senior Leadership Changes
On the heels of reporting its preliminary third-quarter earnings report, TILT Holdings Inc. (CSE:TILT) (OTCQB:TLLTF) opted for some changes in its management team to scale value in its three primary business lines.
The Phoenix-based company opted to promote Gary Santo to President, to supervise long-term strategic planning and capital allocation.
In July, Santo joined TILT to serve as senior vice president, head of capital markets, and investor relations.
Prior to this, he held senior-level positions at Columbia Care Inc (NEO: CCHW) (OTCQX:COLXF).
Simultaneously, Brad Hoch, who stepped into the role of interim CFO in June, would be named the company’s CFO.
“I am excited about the potential for growth within our current portfolio of assets as well as opportunities available to us in the broader marketplace,” Santo disclosed.
