Bend, Oregon-based marijuana tech firm Dutchie has a brand new CEO, and its co-founders, brothers Ross and Zach Lipson, are stepping down.
In accordance with a information launch, Govt Chair Tim Barash would be the privately held firm’s new chief govt officer.
Earlier than becoming a member of Dutchie, Barash was the chief enterprise officer and chief monetary officer at restaurant administration software program firm Toast.
The discharge additionally famous that “Ross and Zach Lipson have departed the corporate after a protracted tenure of driving development, ardour, and innovation within the hashish business.”
No further particulars in regards to the shake-up had been offered, and Dutchie didn’t instantly reply to an MJBizDaily request for remark.
The hashish retailer software program firm was valued at $3.75 billion after it raised $350 million in October 2021.
In June 2021, citing a “dramatic market shift,” Dutchie laid off 67 workers.
“The hashish business has been by a wild run of ups and downs because it has advanced over the previous few years,” Barash stated in a press release.
“I’m deeply dedicated to serving to our prospects, our workforce, and our companions navigate the challenges of this thrilling and dynamic area whereas advancing our mission to create secure and easy accessibility to hashish.”
The corporate additionally introduced three different appointments:
- Nick DeLeonardis, previously a senior vice chairman and normal supervisor at Toast, shall be Dutchie’s new chief monetary officer.
- John Kelleher, previously normal counsel at buyer relationship administration software program firm HubSpot, is now normal counsel.
- Michael Lee, a former vice chairman of engineering at Toast, is Dutchie’s vice chairman of engineering.