Californian cannabis producer Harborside Inc. (CSE: HBOR) (OTCQX: HBORF) is expanding its team and adding two new vice presidents to its leadership roster.
On Monday, one of the oldest cannabis companies in North America announced its adding Kavi Bhai as vice president of financial planning and analysis as well as Angela Pih as vice president of marketing.
Bhai will be responsible for planning, forecasting, budgeting and analyzing the company’s strategic plan and has more than 11 years of industry experience after working for BellRock Brands as CFO. Before BellRock he was the CFO at Mary’s Medicinals and led audit and advisory engagements at Frazier & Deeter, LLC.
Pih has 25 years of experience in cannabis, retail and consumer packaged goods and will focus on expanding Harborside market share by strengthening the company’s brands and sales capabilities. She used to work at Papa & Barkley –which is a cannabis company for health and wellness– as chief marketing officer and at CannaCraft, a house of brands across recreational and wellness cannabis products.
She has received Clio Awards three times and was named by The Drum as the top female talent of colour in 2018.
“As we embark upon the next phase of growth in creating a leading, vertically integrated cannabis enterprise, we are filling the final two critical positions in our senior executive team,” said Ed Schmults, CEO Harborside.
“The addition of Kavi, with his track record of navigating companies toward financial growth following internal overhaul, and Angela, with her proven marketing experience across retail and CPG brands, is hugely beneficial to Harborside as we further establish a leadership role in the California market.”
Harborside is a vertically integrated firm focusing on cannabis retail, distribution, cultivation, nursery and manufacturing operations. It is one of the oldest companies in California and was founded in 2006. The company received one of the first six medical cannabis licences granted in the United States.
The company currently operates 14 dispensaries in Northern and Southern California and one in Oregon with its distribution facilities in San Jose and Los Angeles and its cultivation facilities in Salinas and Greenfield.
Company stock dipped on Monday by 6 per cent to $0.47 in the Canadian Securities Exchange.