Here’s their announcement sent out to the market 6 April which says the former VP of casino marketing & operations at the Tropicana Las Vegas, will stay at the company for another 6 months to ensure a “smooth transition”
For those who may not know, Yemenidjian’s father is Alex Yemenidjian, a former CEO of Metro-Goldwyn-Mayer, who later became a director and president of MGM Resorts International under Kirk Kerkorian, before becoming CEO and part owner of the Tropicana. Casino org reported 14 November last year that Yemenidjian Sr has followed his son into the marijuana business. Both sit on the board of Green Thumb Industries, which acquired Integral Associates, parent of Essence, earlier this year for $290 million.
CHICAGO and VANCOUVER, British Columbia, April 06, 2020 (GLOBE NEWSWIRE) — Green Thumb Industries Inc. (GTI) (CSE: GTII) (OTCQX: GTBIF), a leading national cannabis consumer packaged goods company and owner of Rise™ and Essence retail stores, today announced that Armen Yemenidjian has stepped down from his role as President in order to spend more time with his family in Nevada.
Yemenidjian will continue to work with the Company for the next six months to ensure a smooth transition, particularly focusing on Green Thumb’s business in Nevada and California.
“Armen is an early pioneer in the industry and built a great company that we acquired and integrated into our business last year,” said Green Thumb Founder and Chief Executive Officer Ben Kovler. “I am grateful to Armen for the contributions he made to the Company, and I look forward to working with him during the transition period.”
“I am committed to helping the company do what it takes to continue to achieve its goals. I intend to continue to be a substantial long-term shareholder of Green Thumb,” said Yemenidjian.