Business
General Cannabis Corp. Names Industry Leader and Banking Executive Steve Gutterman as CEO
General Cannabis Corp. Names Industry Leader and Banking Executive Steve Gutterman as CEO.
About this update from Trees Corporation
[{"type":"text","content":"\n DENVER, Dec. 16, 2019 (GLOBE NEWSWIRE) -- General Cannabis Corp (OTCQX: CANN), a leading provider of products and services to the regulated cannabis industry, today announced that Steve Gutterman—one of the cannabis industry’s most recognized leaders—has joined the company as Chief Executive Officer and a member of its Board of Directors, effective immediately.  Michael Feinsod, who has served as CEO since January, steps down from that role while continuing as Executive Chairman of the company. Gutterman brings more than two decades of success building and leading high growth businesses in highly regulated industries, with an extraordinary record of having increased annual revenue and market capitalization of the companies he has led by over $500 million and $2 billion, respectively. Most recently, Gutterman served as President of Harvest Health & Recreation (CSE:HARV), one of the largest cannabis multi-state operators in the US, where he was instrumental in taking the company public and led its global operations. Prior to that, he served as CEO of market research company Mobile Accord and before that as Executive Vice President and Chief Operating Officer of E*TRADE Bank, a $35 billion federally regulated thrift.  “Steve is one of the most impactful, innovative and respected leaders in the cannabis industry—hands down—and landing him as our CEO is a transformative moment for General Cannabis,” said Feinsod. “The opportunity for our company is extraordinary, as we continue to generate record revenue, expand our core businesses, and aggressively enter the growing space to own and operate licensed cannabis assets.  Steve’s extensive track record in M&A, integration, capital raises and executive leadership will enable us to accelerate our top and bottom-line growth and deliver meaningful value to shareholders.” General Cannabis Corp. is a trusted partner to cultivation, production and retail cannabis operations and provides important operational and infrastructural support to cannabis operators across the US.  Over the last several years, the company has completed multiple strategic acquisitions, last quarter announced record revenue and is poised to opportunistically acquire and operate cannabis assets. “I am incredibly excited to join...