Having collaboration from experts in the cannabis industry is an important matter for KushCo Holdings, Inc., which just announced a new member integrating into its board of directors. The premier provides or ancillary products and services to both the hemp and cannabis industries announced late last week the appointment of Pete Kadens to the company’s board, effective today. Kadens has a large background in the cannabis industry, as he is the former CEO of Green Thumb Industries, another cannabis venture dedicated to consumer-packaged goods and retail sales.
This is not the first interaction Kadens has with KushCo; he has been on KushCo’s advisory board since August 2019; however, it wasn’t until now that he assumes a more active role with the company. Kadens will focus on the company’s strategic vision and direction by building better relationships with premier multi-state operators and licensed producers. Another goal is to help the company reach a near-term positive adjusted EBITDA and long-term profitability. Besides being a serial entrepreneur, he is also a philanthropist serving The Kadens Family Foundation, which is dedicated to close the wealth and education gaps in the US. He retired from his CEO position at Green Thumb Industries in August 2018.
“On behalf of everyone at the Company, I could not be more excited to welcome Pete to our board of directors, especially at this pivotal time in our organization, where we have made significant strides in aligning deeper with our Core customers, have substantially cut costs, and are moving closer to our near-term goal of achieving positive adjusted EBITDA,” said Nick Kovacevich, KushCo’s co-founder, Chairman and CEO. “We recognized Pete’s unparalleled talent, experience, and passion for the industry early on, which led to our decision to appoint him to our advisory board in September 2019.”