Wana Brands, Six Months After the Canopy Deal: Q&A With Nancy Whiteman

Wana Brands, Six Months After the Canopy Deal: Q&A With Nancy Whiteman

<![CDATA[In October 2021, Canadian LP Canopy Growth Corporation announced its plan to acquire cannabis-infused edibles company Wana Brands for $297.5 million cash upfront, though the deal hinges upon federal permissibility of cannabis. But Wana is not waiting in the wings. The Colorado-based company, co-founded by CEO Nancy Whiteman, remains independent, has continued to launch new products and has intentions to expand beyond its footprint of 13 state markets. In addition, Wana announced two pivotal hires on its executive team in March, most recently naming Sandy Li, who previously served as vice president of finance for multistate cannabis operator Parallel, as CFO. Earlier this month, the company announced Kelly Flores’ appointment as chief operating officer, a leadership role she previously had at the cannabis brand dosist. Three women are now at the helm of one of the largest cannabis companies in an industry where men occupy a vast majority of leadership roles, and the C-suite announcements happened to be made during Women’s History Month. Cannabis Business Times caught up with Whiteman to get an update on what’s happened since the Canopy deal and how she has navigated more than a decade in the cannabis industry. Editor’s note: This interview has been edited for length and clarity. An except of this interview also will appear in the April issue of CBT. Michelle Simakis: It has been more than six months since the Canopy Growth deal was announced. Though it’s not final, have there been changes at the company relative to that agreement? Nancy Whiteman: Yes and no. I’m still running the company. I don’t think things feel especially different here than they did. On the other hand, one of the reasons we signed the deal with Canopy is that we really saw them as a valuable partner to us. They’re much larger than…

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Source : Wana Brands, Six Months After the Canopy Deal: Q&A With Nancy Whiteman

reposted by Cannabis News World

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