Jenel Stelton-Holtmeier

Tricks of the trade: Cresco’s CEO on creating a major multistate marijuana business

The success of Cresco Labs in the U.S. marijuana market can partly be attributed to its leadership’s experience in navigating complex industry regulations. “Myself and our other co-founders came to cannabis from a banking background and, really, mortgage banking in particular,” said CEO Charlie Bachtell in the latest MJBizDaily Investor Intelligence Executive Webcast. “So, we’ve […]

Read More

Michigan medical cannabis cultivator Green Peak raises $30M-plus for expansion

Green Peak Innovations, a medical cannabis cultivator based in Lansing, Michigan, raised more the $30 million in an oversubscribed debt round. The funds will be used to support Green Peak’s expansion in Michigan as well as plans to take the company’s “scalable model to other states,” CEO Jeff Radway said in a news release. Plans […]

Read More

Webcast: How marijuana firm Cresco Labs plans to accelerate growth in 2019

(This article has been updated to clarify the financial projection for Cresco was made by an analyst, not released by Cresco Labs.) While the cannabis industry has experienced massive growth over the past 12 months, few companies have seen early success in profitability to date. Cresco Labs, a vertically integrated multistate operator, is the exception […]

Read More

CEO of company bought by PepsiCo invests in, joins board of cannabis tech firm Seedo

The CEO of a beverage company recently acquired by PepsiCo is placing his bet on marijuana, joining the board of directors of and making a significant personal investment in an agriculture business working in cannabis production. Daniel Birnbaum, CEO of at-home carbonated drink maker SodaStream – which PepsiCo acquired last year for $3.2 billion – will join […]

Read More