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Vertically integrated multi-state operator Ascend Wellness Holdings, Inc. (CSE:AAWH) has tapped Joe Hinrichs to its board of directors. Hinrichs is a former president of automotive at Ford Motor Company, where he spent 19 years in several different leadership positions. He also worked for General Motors for over a decade and the Chicago-based private investment group Ryan Enterprises Group, where he was a partner and senior vice president. “Adding a distinguished leader of a Fortune 500 company to our Board represents a milestone for Ascend and the industry,” Abner Kurtin, AWH founder and CEO, said Tuesday. The New York-based company also reported its financial results for the first quarter of 2021, revealing a 21.8% sequential increase in revenue. ....
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. ....
Yachting World 0shares When surfing superstar John John Florence took his Gunboat 48 on a 2,500 mile cruise to remote Pacific islands he found a thriving ecosystem that may give us all cause for hope. Toby Hodges reports Some folk seem to have it all. At 28, John John Florence has already enjoyed a career as one of the world’s most talented professional surfers. He lives on the north shore of Oahu, opposite the famous Pipeline wave which he is renowned for dominating. And when he’s not touring the world competing on the World Surf League (WSL) tour he’s surfing optimum waves with his younger brothers. ....
It is no revelation that John John Florence releases quality films. He and his team have a sense for the stunning, the beautiful. But it continues to take one back that Mr. Florence can release new film, after new film, new edit, after new edit, and each is on par or a step better than the last. The most recent, Maps of Home, is a well-thought out piece of surf film featuring surfers that are ultimately fun to watch on film: Koa Rothman, Nathan Florence, Jack Robinson, Ivan Florence, Eli Olson, Jamie O’Brien and of course, John John himself. John again partners with longtime friend, Erik Knutson, who worked on both the cinematography and editing. From the boards, to the shot selection, it is another masterpiece. Enjoy. ....
The American Trade Association for Cannabis and Hemp ( ATACH) announced the formation of ATACH s Cannabis Beverage Council. The Council will bring together the most established cannabis and beverage leaders focused on expanding the cannabis beverage market. The canna-drink market doubled over the past two years according to cannabis-industry analytics firm Headset s 2019 cannabis beverage report. BDSA Analytics cites the canna-beverage market as making up 5 percent of overall cannabis sales in the United States and 23 percent in Canada, suggesting further U.S. growth. The Council is where cannabis industry leaders and beverage companies convene and forge a new beverage market by harmonizing canna-beverage policies across the country, said ATACH President Michael Bronstein. ....