An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Akanda Bolsters Leadership Team to Scale Medical Cannabis Platform Across Europe
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Akanda Corp. (NASDAQ: AKAN) has appointed Tom Flow as Chief Operating Officer and Steven George as Commercial Director, effective September 1, 2022. These appointments aim to enhance leadership and profitability in the European medical cannabis market. Flow brings over 15 years of cannabis experience, having co-founded MedReleaf, and George has a strong background in finance and cannabis sectors, previously working at Tilray. CEO Tej Virk emphasized these hires as crucial to scaling operations and maximizing cultivation capacity in Portugal.
Positive
Tom Flow's extensive experience in cannabis operations could lead to improved efficiency and productivity.
Steven George's background in finance and commercial operations may accelerate profitability.
Negative
Concerns may arise regarding the transition period and potential continuity challenges with new leadership.
Both executives will need time to integrate into the company and establish their strategies.
Tom Flow Named Chief Operating Officer and Steven George Named Commercial Director
LONDON--(BUSINESS WIRE)--
International medical cannabis platform company Akanda Corp. (“Akanda” or the “Company”) (NASDAQ: AKAN) today announced that it has appointed Tom Flow to the role of Chief Operating Officer of Akanda and Managing Director of Holigen, and Steven George to the role of Commercial Director, effective September 1, 2022. The Company believes that these two hires will enhance its leadership direction and boost profitability across the European medical cannabis market.
The Company announced that it has appointed Tom Flow to the role of Chief Operating Officer of Akanda and Managing Director of Holigen. (Photo: Business Wire)
Mr. Flow is an accomplished global business leader with over 15 years of direct cannabis industry experience with an emphasis on facility design and operations, including multiple large scale EU GMP certified cultivation facilities. He is the co-founder of a number of cannabis companies during this time, namely MedReleaf Corp. which was subsequently sold to Aurora Cannabis (ACB-NASDAQ) in a transaction valued at C$3.2 billion, The Flowr Corporation (“Flowr”) (FLWR-TSXV) where he held executive roles including CEO, COO, President and Managing Partner, and Holigen Limited which the Company acquired from Flowr in May 2022.
Mr. George joins Akanda with extensive experience in the financial services and cannabis sectors. After beginning his career in business development roles within financial services, in 2017, he moved to Portugal to obtain his MBA and started working in the European cannabis industry the following year. In that time, he served as both Iberian Country Manager and European Alliance Manager at Tilray (TLRY-NASDAQ), where his accomplishments included Tilray receiving the first ACM (marketing approval) for a cannabis dried flower in Portugal during his tenure and managing the first medical cannabis exports out of Portugal to Europe and Israel. In July 2021, Mr. George left Tilray and started offering independent advisory services to cannabis clients across the European region.
“Adding proven and elite global cannabis executives like Tom and Steven is an important milestone for Akanda, expanding our capabilities and growing our leadership as we scale. This begins with maximising our combined 10 metric tonne (22,000 lbs) annual cultivation and processing capacity at our EU GMP certified indoor premium cultivation facility in Sintra, Portugal. And, we will also focus on commercially igniting our 180 acre GACP outdoor and greenhouse site at Aljustrel, Portugal, which has over 100 metric tonnes (220,000 lbs) of annual cultivation capacity,” said Tej Virk, Chief Executive Officer at Akanda. “These hires are illustrative of the ongoing work we’re doing to build the best team possible to engage Europe’s rapidly growing cannabis market. Tom is renowned for his operational prowess, having built and scaled indoor premium cannabis cultivation businesses in both Canada and Portugal. Steven, meanwhile, is a commercial pioneer in Europe and will help us accelerate our path to profitability. We have the in-house capability to take a leading position in the existing European medical cannabis market, with an eye to participate in the adult-use market when it opens up.”
Both Mr. Flow and Mr. George will be based in offices at Akanda’s indoor premium cultivation facility in Sintra, Portugal.
About Akanda Corp.
Akanda is an international medical cannabis and wellness platform company seeking to help people lead better lives through improved access to high quality and affordable products. Akanda’s portfolio includes Bophelo Bioscience & Wellness, a GACP qualified cultivation campus in the Kingdom of Lesotho in Southern Africa; Holigen, a Portugal-based cultivator, manufacturer and distributor with a prized EU GMP certified indoor grow facility; and CanMart, a UK-based fully licensed pharmaceutical importer and distributor which supplies pharmacies and clinics within the UK. The Company’s seed-to-patient supply chain also includes partnerships with Cellen Life Sciences’ Leva Clinic, one of the first fully digital pain clinics in the UK, and other leading distributors of medical cannabis in Germany.
Who is the new Chief Operating Officer of Akanda Corp.?
The new Chief Operating Officer of Akanda Corp. is Tom Flow, effective September 1, 2022.
What experience does Tom Flow bring to Akanda Corp.?
Tom Flow has over 15 years of experience in the cannabis industry, having co-founded companies and managed large-scale EU GMP certified operations.
Who is the new Commercial Director of Akanda Corp.?
Steven George has been appointed as the new Commercial Director of Akanda Corp., effective September 1, 2022.
What impact might the new appointments have on Akanda Corp.'s stock?
The appointments of experienced executives are expected to enhance operational efficiency and profitability, which could positively influence Akanda Corp.'s stock performance.
When were the new leadership changes announced for Akanda Corp.?
The new leadership changes for Akanda Corp. were announced on August 24, 2022.
