CEO of Multi-State Cannabis Dispensary Operator (including Vermont) Resigns Following Loan Investigation
As first reported by Jeff Smith for Marijuana Business Daily, the CEO of iAnthus Capital Holdings has resigned following an internal investigation into over $150,000 in improperly-documented loans made from the company to it’s now-former CEO, Hadley Ford. iAnthus Capital Holdings is one of three licensees in Vermont who hold a vertically-integrated medical cannabis dispensary […]
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Founded by Eli Harrington under the management of Vermont-based Greenbridge Consulting LLC. Familiar to many as a cofounder and spokesperson of Heady Vermont until his resignation in May 2019, Harrington has returned to the cannabis media scenes to apply the last four years of experience to #ElevateTheState of the cannabis community in Vermont.
The 2nd Annual Green Finders Invitational 🌳⛳️#cannabis #golf tournament is ON for 9/19/20 at @linksatlangfarm and registration is OPEN at www.vermontijuana.com #linkinbio big thanks to last year sponsors including @winooski_insurance @btvlocal420 @magicmannvt @talltruck @talltrucktesting @vermontgrowers @mckeespub @iasogoods @goodstuffgrow @farmfreshhemp
💥BREAKING: CEO of Multi-State Cannabis Dispensary Operator @ianthuscapital @grassrootsvermont Resigns Following Loan Investigation💥 As first reported by Jeff Smith for @mjbizdaily , the CEO of iAnthus Capital Holdings has resigned following an internal investigation into over $150,000 in improperly-documented loans made from the company to it's now-former CEO, Hadley Ford.
iAnthus Capital Holdings is one of three licensees in Vermont who hold a vertically-integrated medical cannabis dispensary license, and presently operate Grassroots Vermont in Brandon, Vermont. With the resignation of Hadley Ford, Mr. Randy Maslow steps in as iAnthus Capital CEO.
As has been reported on a previous version of the Vermontijuana website, the new CEO of iAnthus Capital, Randy Maslow, is familiar with the Grassroots Vermont operations, and in 2018 was one of the top individual donors to the re-election campaign of House Speaker Mitzi Johnson (D-Grand Isle) with a $1000 contribution.
In Montpelier, the iAnthus subsidiary, Grassroots Vermont, have also been extremely active in Vermont politics, reporting over $30,000 in in lobbying expenses in 2019 alone.
Vermontijuana has reached out to Grassroots Vermont staff for comment and will update this story if/when information relevant to Vermont operations is available.
Whatever the local implications, the ripples of the iAnthus shakeup will reach medical dispensary operations around the country as iAnthus currently has a presence in 11 states, and operates 33 dispensaries (FL-14, AZ-4, MA-1, MD-3, NY-3, CO-1, VT-1 and NM-6 where iAnthus has minority ownership). iAnthus, which is publicly-traded on the Canadian stock exchange (CSE: IAN,OTCQX: ITHUF) had already announced earlier in April that it would delay reporting it's 2019 earnings.
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BIG JOHN IS FREE 🎉🎊🍾🔥🌳Congrats @johnvanhazinga and thanks and HUGE #respect to Samantha for the updates, petition, and for pushing to undo this ridiculous injustice! ✊ @acluvermont @vermontcannabissolutions and happy #earthday
👀 #elevatethestate bumper stickers showing up in the wild! ⚡️PROMO⚡️: if your car is registered in #Vermont and at least 10yrs old like we’ll DOUBLE your order of bumper stickers 🔌 it’s a great time to support your friendly #cannabis blog and #podcast and all mail orders are fully sterilized 🧽🧼before shipping! 🎨🙏to @meddlingkids who inspired this design way back in 2015 and stays 5yrs ahead of the curve much 💚
“I think that when crisis hits, you can either be a victim or a responder, and I think this is the best use of my skill set for the crisis at hand.” 🔥quote from @pipe.dream.hempworks founder @larz.the.hempress Read about #Vermont artisan Laura Sullivan and her new project making and selling #hemp masks, which have sold out once already, but are presently available at @pipe.dream.hempworks website and feature natural plant dyes and a 100% compostable 🌱option 👉Full article at www.vermontijuana.com #elevatethestate
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