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iAnthus Capital Holdings, Inc. (OTCPK:ITHUF) (CSE:IAN) appointed Richard Proud as CEO and director on the board of directors of the company.
"The board believes Richie is the ideal CEO to lead iAnthus' next chapter of growth and innovation. Richie has a proven track record of execution, operational excellence, and developing teams that drive results. He's a world class leader with deep seated industry expertise. We have every confidence Richie will make a transformational impact on the company and take it to new levels," stated Mich Mathews-Spradlin, chairwoman of iAnthus.
Richard was most recently the executive vice president of revenue for Curaleaf (OTCQX:CURLF), a multi-state cannabis operator, where he was responsible for managing the revenue and inventory strategies across Curaleaf's businesses, including retail and wholesale.
"I am thrilled to step into the roles of director and CEO at this pivotal time for our company. My successful experiences in the cannabis and retail industries position me uniquely to build upon the foundation that exists within iAnthus, including its dispensary footprint, world class brands and most importantly, the exceptional people that work across our businesses. I'm committed to rapidly leveraging these strengths to drive results for our customers," stated Proud.
Effective immediately upon the appointment of Richard as CEO, Robert Galvin's tenure as the company's interim CEO concluded. Galvin will continue in his position as the company's interim COO.
Richard's control of the company's Massachusetts subsidiaries is subject to the approval of the Massachusetts Cannabis Control Commission.
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