/PRNewswire/ The Uplifters Prima, PBC ("Prima") the award-winning, purpose-driven brand focused on efficacy-driven and science-backed plant therapeutics.
Executive Moves
Martha Stewart would become an official strategic advisor.
Erik Knutson as CEO of cannabis beverage company
Keef Brands. Tharp was previously president and COO, and Knutson will remain on the board.
Deals, launches, and IPOs
Aurora Cannabis filed for a $300 million stock sale on Thursday. The filing mentions a possibility of a US acquisition, MarketWatch reports.
Cannabis SPAC
Mercer Park Brand Acquisition Corp. said on Monday that it has upsized a previously announced equity investment to include $50 million from TPCO Holdings Corp. In total, Mercer Park has raised $135 million for the transaction.
HEXO Corpannounced on Monday it would acquire 48North Cannabis Corp in a C$50 million stock deal.
SVEN HOPPE/dpa/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Jessica Alba will be replaced as chair of Honest s board after the company goes public.
Alba has had a less hands-on role at the company recently, but she s outlasted her cofounders.
Three cofounders left Honest after 2016 sale talks fizzled. Two aren t mentioned in the IPO filing.
Jessica Alba may be the face of The Honest Company, but after the billion-dollar company goes public this week, she s expected to take more of a backseat role.
For one, she ll no longer be the chair of Honest s board of directors, the company disclosed in its S-1 IPO documents. James White, the former CEO of Jamba, will assume that role.
Inside Jessica Albaâs Long And Turbulent Road To Taking The Honest Company Public
Jamel Toppin for Forbes
Share to Facebook
Share to Linkedin
The household products company will go public this week after a tumultuous few years overshadowed by lawsuits and increasing competition.
When The Honest Company debuts on the Nasdaq this week, actress Jessica Alba will likely take center stage on the podium to ring the bellâcapping off a seemingly remarkable success story. It all began in 2008 when a pregnant Alba couldnât find reasonably priced natural and eco-friendly baby products and had the idea for a âclean and naturalâ products brandâselling dozens of products, including fashionable diapers for babies, detergents and wipes. The business is now poised to go public at a valuation of between $1.4 billion and $1.7 billion.