Two Execs From Vermont’s CeresMED Are Given Marching Orders

Two Execs From Vermont’s CeresMED Are Given Marching Orders

Heady Vermont reports.. BURLINGTON — Two top executives of CeresMED, Vermont’s largest network of dispensaries acquired in a merger with a Canadian company this summer, were relieved of their positions Tuesday, Heady Vermont has learned. Reached by phone Tuesday, Shayne Lynn confirmed that he was let go from his role as CeresMED’s executive director. Lynn declined to comment on the reasoning behind his firing. A source with knowledge of the decisions confirmed to Heady that Director of Brand Experience Bridget Conry was also dismissed from her position. Conry did not respond to a request for comment by the time of this article’s publication. Lynn began serving as the executive director of Champlain Valley Dispensary, Inc., in 2012, according to his LinkedIn profile. The organization was rebranded as CeresMED alongside Southern Vermont Wellness in June 2021, shortly before the dispensaries’ parent company, High Fidelity, merged with Toronto-based company SLANG Worldwide Inc. SLANG initially put forward $12 million in restricted voting shares and $3 million in cash to seal the deal, with additional shares and payments to follow pending the finalization of the merger. The company now owns two of the five medical cannabis licenses that have been issued in Vermont. “It’s been a long road to get here, and we’re super excited to have found someone who aligns with our values and how we see ourselves in the bigger industry, and who can capitalize us,” Conry told Seven Days in June. “It’s been really hard to finance our growth.” Read full article.

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Source : Two Execs From Vermont’s CeresMED Are Given Marching Orders

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