The company noted that Rosen has been involved with 1933 Industries in the capacities of strategic investor, advisor and most recently as chief executive, instituting a high level of stewardship and financial oversight that is guiding the company into its next phase of development.
Leveraging his extensive experience in the cannabis industry as one of its earliest and most active entrepreneurs and company builders, 1933 Industries said Rosen brings vast corporate governance expertise to his new board position, having co-founded and served as CEO of PharmaCan Capital Corp that was later rebranded to The Cronos Group (NASDAQ:CRON) (TSE:CRON).
READ: 1933 Industries launches Canna Hemp PLUS line with double the amount of CBD as part of its wellness portfolio
Currently, Rosen is the executive chairman of Global Go, a consultancy focused on the global regulated cannabis industry and is a co-founder and chairman of Pantry Co, a cannabis-focused start-up in the functional food market. He is a member of the Law Society of Ontario and previously practised constitutional law.
“My appointment as CEO has helped accelerate positive change at 1933 Industries. Working closely alongside Eugene Ruiz, President of the Company, we are steering the business at a critical junction, instituting prudent financial controls, reigning in spending and shoring up the balance sheet," Rosen said In a statement.
“During the last two months, we have shifted our strategy, focussing on our core market in Nevada and on our best-in-class cultivation infrastructure, making meaningful improvements that are already being realized. As a member of the Board of Directors, I will have the opportunity to further assist in strengthening the Company’s performance, while continuing to demonstrate my long-term commitment to the success of 1933 Industries as we grow our business into a profitable and respected entity.”
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