May 27, 2022

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In Wake Of Canopy Growth Acquisition, Wana Brands Makes Key Hire

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Just five months just after Canadian hashish titan Canopy Development announced it was acquiring Wana Makes for $297 million, the leading hashish edibles manufacturer has named Sandy Li as main financial officer. The retain the services of arrives as the company proceeds its expansion into new marketplaces as perfectly as ramping up its new products choices. Li will be based in Boulder and report to Wana Models CEO Nancy Whiteman.

On this important appointment, Whiteman praised Li’s business enterprise acumen and her abilities. “Sandy is a transformational business enterprise leader who possesses a potent strategic and small business acumen backed by genuine-world encounter in driving development and powerful profitability,” she said in a community statement. “As we broaden our existence in new markets, Sandy’s working experience in the intricate financial challenges of multinational and cannabis industries will be priceless.”

In her new purpose, Li will oversee all of the company’s economical operations which includes financial strategy and finance IT operations. Also, according to the information release, “Li’s steering will build chances as the company expands both equally nationally and internationally.”

Li expressed appreciable enthusiasm in her newest job transfer. “I’m delighted to be part of Wana, a corporation that I have lengthy admired for its dependable and impressive goods, technique moving into new markets and determination to racial justice in the hashish industry,” she said, also in a public assertion. “I glimpse ahead to doing the job with Nancy and the workforce to transfer Wana forward on its financial and operational objectives in the course of this fascinating time in Wana’s advancement.”

Prior to becoming a member of Wana Models, Li was vice president of finance, head of FP&A and Treasury at Parallel, a multi-condition hashish operator. In advance of her foray into the hashish sector, Li held a variety of senior management positions at myriad unnamed public and private firms. She also put in many several years at the helm of her have computer hardware and program firm in China. Li has an MBA from The University of Chicago and a master’s diploma in finance from Southwestern College of Finance and Economics. Li is a CPA in Canada.

Headquartered in Boulder, Colorado, Wana Makes has a footprint in in 13 U.S. states and 9 Canadian provinces and territories, “generating near to $300 million in retail sales annually throughout much more than 3,000 dispensaries,” in accordance to the company. Among its prime goods are Wana Speedy Quickly-Performing Gummies and the Optimals Rapid Asleep formulation.

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