Business
Pervasip Appoints New President and CEO
Pervasip Appoints New President and CEO.
About this update from Pervasip Corp.
[{"type":"text","content":"Seattle, Washington--(Newsfile Corp. - December 6, 2021) - Pervasip Corp. (OTC Pink: PVSP) (\"Pervasip\" or the \"Company\"), a developer of companies and technologies in high value emerging markets, and its subsidiaries, Artizen Corporation (\"Artizen\") and Zen Asset Management LLC (\"ZAM\"), a diversified asset management company that was founded to acquire, develop, and support companies and technologies in the cannabis industry, today announced the appointment of German Burtscher as President and Chief Executive Officer of Pervasip and its subsidiaries. German has deep experience driving the formation, financing, management, and growth of early-stage companies in several industries, with a specialization and extensive network in all aspects of growing and processing cannabis, from genetics to grow development (greenhouse and indoor), to large scale operations, processing, distillation, marketing and sales. Paul Riss, Pervasip's chairman and former chief executive officer, said, \"We are extremely excited by the appointment of German as our new president and chief executive officer. German has a proven track record of excellence and performance in the cannabis industry, especially in Washington State's highly regulated market. The Artizen brand is recognized as one of the most reputable leading consumer brands in Washington state, with tremendous consumer and retailer recognition. We believe that ZAM's more than $14 million in revenue is very scalable with the right investment and management. We're excited to have German as the tip of that spear for our shareholders.\"ZAM provides services to several customers in Washington State, including four licensed cultivation facilities and one licensed processing facility, under a series of consulting, leasing, intellectual property licensing and other long-term agreements. ZAM also owns the IP to one of the most successful cannabis brands, ArtizenTM. As one of Washington's original cannabis brands, ArtizenTM - branded products are the all-time fourth best-selling in Washington across all product categories, and the all-time third in flower. The commitment to quality and consistency behind Artizen™ has built a substantial following, fueling more than $69 million in wholesale sales to a distribution network with more than 200 retailers, corresponding to more than $200 million in...