Cannabis Industry Changes As Marijuana Rescheduling Looms
Portfolio Pulse from Jelena Martinovic
Several cannabis companies have announced changes in their leadership, including board appointments and executive promotions. These include ZYUS Life Sciences, Unrivaled Brands, CannaPharmaRx, Shiny Health & Wellness, Cansortium, Aurora Cannabis, CanadaBis Capital, Nova Farms, Heritage Cannabis Holdings, Jazz Pharmaceuticals, Kaival Brands Innovations, The Scotts Miracle-Gro Company, Pure Sunfarms, Nextleaf Solutions, Charlotte's Web Holdings, and High Times. The changes come as the U.S. Department of Health and Human Services recommends rescheduling cannabis from a Schedule I to a Schedule III substance.
September 15, 2023 | 1:02 pm
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NEUTRAL IMPACT
Aurora Cannabis Inc.'s shareholders elected seven nominees as board directors.
The election of new board directors could bring fresh perspectives and strategies to the company, potentially impacting its future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Cansortium Inc.'s shareholders elected five nominees to the board of directors.
The election of new board directors could bring fresh perspectives and strategies to the company, potentially impacting its future performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Jazz Pharmaceuticals promoted Renée Galá to president and chief operating officer.
The promotion of Renée Galá could lead to changes in the company's operational and strategic direction, potentially impacting its performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The Scotts Miracle-Gro Company announced that president and COO Mike Lukemire stepped down and Nate Baxter was promoted to chief operating officer.
The leadership changes at The Scotts Miracle-Gro Company could lead to changes in the company's operational and strategic direction, potentially impacting its performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Pure Sunfarms, a subsidiary of Village Farms International, appointed Orville Bovenschen as the new president.
The appointment of a new president at Pure Sunfarms could lead to changes in the company's operational and strategic direction, potentially impacting the performance of its parent company, Village Farms International.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70