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Monday, Apr 15, 2024
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


TerrAscend expands leadership team

The new VPs will oversee marketing, sales, finance and strategy

TerrAscend completes acquisition of Pinnacle
Photo via TerrAscend

North American cannabis operator TerrAscend Corp. (CSE: TER) (OTCQX: TRSSF) is expanding its leadership, hiring three senior vice presidents to oversee marketing, sales, finance and strategy.

On Thursday, the company said it’s appointing Charishma Kothari as SVP of marketing, Jared Anderson as SVP of finance strategy and Charles Oster as SVP of sales.

Kothari will oversee marketing and product development strategy for Gage Growth Corp. (CSE: GAGE) (OTCQX: GAEGF), which the firm acquired in September. She has more than 15 years of international experience managing business-to-business and business-to-consumer product marketing for pharmaceutical and consumer-packaged-goods companies, including Sanofi and Essity Professional Hygiene.

Read more: Q3 sales slow for TerrAscend

Read more: TerrAscend reports record Q4 sales, drops CEO

Oster will work closely with Kothari and oversee sales activities. He has 20 years of experience in sales including cannabis, consumer goods and technology. Previously, he oversaw international sales at Tilray Brands, Inc. (TSX: TLRY) (Nasdaq: TLRY).

Anderson will focus on finance, accounting and strategic planning. He used to work as a senior director at Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC), where he led U.S. finance, as well as commercial strategy and planning. Before Canopy, Anderson worked as a strategy consultant for professional services company Accenture.

Executive chairman Jason Wild says the new hires have unique and differentiated backgrounds that are indispensable for the company’s next phase of growth.

“On behalf of our team, I’d like to welcome Charishma, Charles, and Jared to TerrAscend and look forward to collaborating with them as we broaden our product offerings, expand our selling capabilities, and effectively plan for and manage our business,” Wild said in a statement.

In March 2021, former CEO Jason Ackerman stepped down. TerrAscend has yet to find a replacement.


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