David Hart, previously the President and Chief Operating Officer, expressed his gratitude towards Vita for his foundational work and is eager to lead the company into its next phase, focusing on balance sheet strength, wholesale expansion, and organic growth. Channon, an expert in digital marketing and transformative technologies, joined the company in December 2019.Nicholas Vita, who co-founded The Cannabist Company in 2012 and has been at the helm for over a decade, oversaw the company's growth to over $500M in annual revenue and expansion into 16 integrated markets in the U.S. Vita is shifting his focus to research for ultrarare pediatric diseases through gene therapy but will continue to support the company as a Board member. The reshuffle comes as Nicholas Vita, co-founder of the company, retires from his CEO position but remains on the Board of Directors.
David Hart, former President and COO, has taken over as CEO of The Cannabist Company, succeeding Nicholas Vita, who co-founded the company in 2012 and led it to over $500M in annual revenue. Vita will continue to support the company as a Board member while focusing on research for ultrarare pediatric diseases through gene therapy.