Lantern Spins Off Drizly Group with $40M Capital, Announces Leadership Changes

CANNANNEW REPORT

Lantern, among the leading on-demand cannabis e-commerce marketplace and home delivery platforms in the U.S., today announced three changes within its leadership team. Meredith Mahoney, who has served as Lantern’s President since the company launched in May 2020, was named Co-Founder and CEO. Katie Neer, who has served as Head of Industry Affairs, was named General Counsel, and Akele Parnell, the company’s Head of Equity Partnerships, was also appointed to lead Lantern’s social equity incubator program. Additionally, Lantern Co-Founder, Justin Robinson, has transitioned to a full-time role at the company following Uber’s acquisition of Lantern’s sister company, Drizly Group. In February 2021, Uber announced an agreement to acquire Drizly for approximately $1.1 billion in stock and cash. As part of the deal close, Lantern has transitioned to a separate corporate entity and received $40 million in capital from Drizly Group. Lantern currently offers on-demand cannabis delivery for patients and adult-use consumers in Massachusetts, Michigan, and Colorado. Justin will oversee Lantern’s growth operations and product development. Meredith will work closely with Justin to further develop the platform’s personalized discovery features and expand to new legal markets. He will also continue to work with Katie and Akele to expand social equity provisions in new legalized markets and create valuable business opportunities for social equity candidates through Lantern’s incubator programs. As General Counsel, Katie will lead the company’s legal and government affairs, as well as social equity initiatives, together with Akele, who will oversee Lantern’s social equity business incubators. Lantern’s incubator programs provide mentorship, educational programming, and operational resources to aspiring social equity licensees in Massachusetts, Colorado, Michigan, and New Jersey. “Cannabis is expected to become the final frontier in the e-commerce landscape, and I am thrilled to focus my efforts on fulfilling our company’s long-term vision of bringing transparency, equity, and access to the legal space,” said Justin Robinson, Co-Founder of Lantern. “I am immensely proud of the novel marketplace…

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Source : Lantern Spins Off Drizly Group with M Capital, Announces Leadership Changes

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