Nancy Whiteman, co-founder of Wana Brands, one of the most recognizable cannabis brands in the industry, will be stepping down from her day-to-day role as CEO at the end of May, the company announced April 16.
Whiteman will focus on serving as a member of the Board of Managers at Canopy USA, which first announced its plans to acquire Wana Brands in October 2021 for $297.5 million cash upfront upon federal legalization, but announced it was accelerating acquisition plans about a year later.
“Following Canopy Growth’s shareholder vote April 12, 2024, Canopy USA is positioned to advance with completing the acquisitions of Wana, Jetty, and Acreage with the intention to leverage the best of each brand’s offerings to accelerate growth and market expansion as key states across the country continue to allow recreational cannabis usage, realizing value in the near term,” according to the press release about the transition.
Whiteman will help drive Canopy USA’s strategy, as well as the integration and future growth of the companies within the Canopy USA ecosystem, including Wana Brands, Jetty Extracts, and Acreage Holdings, according to the press release.
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