Cannabis retailer MedMen Enterprises Inc. has reported the departure of Chief Financial Officer Michael Kramer. Chief Corporate Development Officer Zeeshan Hyder will replace Kramer, who will remain as a consultant until the end of the year.
According to the company, Hyder “has been an integral part of the leadership team at MedMen since 2017, overseeing corporate development, investor relations, and other financial growth initiatives. His understanding of the company’s strategic plan and deep knowledge of the cannabis industry provide an excellent foundation for continued fiscal success.”
Chief Executive Officer Edward Fields and Chief Operating Officer Mark Zinselmeier have resigned from Toronto-based DionyMed amid a possible credit default. New appointments have yet to be announced.
Payment and banking technology company Hypur Inc. has added two new members to its executive staff: Director of Product Jo Moskow and Director of Compliance Joseph Martin. Prior to joining Hypur, Moskow worked with technology companies Apple, TiVo, and Equiant Financial Services. Martin is a veteran of the U.S. Marine Corps and founder of the Alaska Anti-Money Laundering Roundtable.
“We are excited to welcome Jo and Joseph to the Hypur team,” said Hypur co-founder, president, and Chief Operating Officer Michael J. Sinnwell, Jr. “Hypur is a dynamic company that has experienced incredible growth in recent months. I am confident that these new additions will help the company move forward in strategic and successful ways.”
Canadian investment company Nabis Holdings Inc. has appointed Richard Dolan to the position of vice president of investor relations. Dolan has worked with global banking brands including ING, ScotiaBank, HSBC, and Societe Generalé, as well as iconic consumer brands Pagani Automobili, BMW, Bentley Motors, Chanel, GQ Magazine, Rémy Martin, and Virginia Black Whiskey.
“We are thrilled to welcome Richard to the Nabis team,” said Nabis director and Chief Executive Officer Shay Shnet. “He brings a unique perspective to the business with his extensive experience in wealth management as well as success as an influential author, coach, and speaker. Richard will be incredibly valuable in spreading the Nabis message to the investment community.”
California cannabis advertising firm Weedmaps has downsized its workforce by approximately 25 percent. The job cuts were disclosed by Weedmaps Chief Executive Officer Chris Beals via Twitter and amount to more than 100 people.
“Today is a difficult day at Weedmaps,” Beals said. “We reduced our employee count by 25 percent, saying goodbye to many friends and colleagues who had been part of our corporate family. These colleagues worked tirelessly to ensure patients and consumers could safely and conveniently access cannabis. I am forever grateful for their contributions to helping us build Weedmaps to the company it is today.”
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