Cresco Labs (CSE: CL) (OTCQX: CRLBF) - Investor Dashboard
|Market Focus:||United States|
|Employees:||>1400 as of May 2020|
Cresco Labs – Management Team
Charles Bachtell – CEO Charles Bachtell is the CEO of Cresco Labs, LLC. Bachtell is an attorney and brings with him deep legal expertise in both corporate governance and complex regulatory compliance. Bachtell lead the efforts for Cresco to the win seven licenses that it currently holds and continues to work to ensure that Cresco remains an industry leader. Bachtell is a founding member of the Illinois Cannabis Bar Association and the Medical Cannabis Alliance of Illinois. Prior to Cresco Labs, Bachtell served for eight years as the Executive Vice President and General Counsel of Guaranteed Rate. Bachtell has established himself as one of the industry’s foremost authorities on regulatory affairs and compliance in one of the nation’s most heavily regulated industries.
Chair of the Board and Executive Chair
Tom Manning has been a member of the Cresco Labs board since 2016. He was elected the Chair of the Board in 2019 and assumed the role of Executive Chair in 2020. Manning’s past experience includes serving as CEO and Chairman of Dun & Bradstreet and as CEO of Cerberus Asia Operations & Advisory Limited. Manning has deep experience in capital markets, organizational development and corporate strategy.
Co-Founder and Director
Prior to forming Cresco Labs, Robert Sampson had more than 20 years of operating experience in large business, including 12 years in the heavily regulated mortgage industry, having served as Chief Operating Officer at Guaranteed Rate, the nation’s seventh largest retail mortgage bank. As the former COO of Cresco Labs, Sampson oversaw the construction of two 40,000 sqft cement precast structures and one 30,000 sqft hybrid greenhouse structure and was responsible for all facility operations and systems. Sampson is currently the CEO of Bemortgage based in Chicago.
Co-Founder and Director
Brian McCormack, one of Illinois’ most innovative and successful business entrepreneurs, brings a creative, progressive approach to business, finance and manufacturing at Cresco Labs as he seeks to position the company at the forefront of medical cannabis cultivation in Illinois. McCormack is the founder and director of InnerWorkings, a print management company in Chicago that he built into a vastly successful global operation that grosses over $1 billion in annual revenue. Prior to founding InnerWorkings, McCormack founded and served as CEO of McWitt Graphic Communications. He also provided financial and manufacturing operations insight to uBid.com and EZLinks Golf Corporation as a director on the companies’ advisory boards.
Ken Amann brings 20 years of financial management and consulting experience as the Chief Financial Officer of Cresco Labs. Ken has an outstanding record of building enterprise value at rapid growth-oriented companies. Prior to joining Cresco Labs, Amann spent two years as the Chief Financial Officer for nSource, a BPO and consulting practice located in Chicago. Prior to that, he was the Chief Financial Officer for eight years at Williams Lea, a $2+ billion dollar global BPO business based in London. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants and the Illinois CPA Society.
Co-Founder and Director
Dominic Sergi is a highly successful real estate, business and financial expert who devotes much of his free time raising funds to help patients fighting leukemia and lymphoma. As president and chief executive officer of a Chicago-based investment real estate company, Sergi draws on his strategic and business acumen to deliver on the company’s long-term vision and provide asset budgeting forecasts, which have exceeded $120 million in value. Sergi’s many other responsibilities as leader of a growing firm include oversight of all operations and personnel management. Sergi is active in a number of community and charitable organizations and is passionate about giving back to the community.
In his role as CIO, Mo Dastagir is responsible for overseeing the company’s technological infrastructure and implementing technological systems. Prior to joining Cresco, Dastagir was the Vice President and Chief Technology Officer at Sears Holding Corporation. In this role, he was responsible for managing the technology programs of Sears Home Services Business. His past experience also includes leadership roles with Novartis Pharmaceuticals, Roche Pharmaceuticals, and Amazon Hyderabad.
David Ellis is the current Executive Vice President of Operations for Cresco Labs. Ellis brings a decade of executive level operations experience across several industries to the Cresco Labs team. Most recently, Ellis founded and served as the President and CEO of Greens & Gills, a 10,000 square foot, controlled environment, hydroponic and aquaponic farm on the South Side of Chicago. Through operational best practices and proprietary software, Ellis was able to build one of the only profitable urban farming businesses in the country.
Chief Commercial Officer
Greg Butler is the company’s first Chief Commercial Officer. He has a background in brand growth, consumer packaged goods, and capital management. Butler has previously worked with companies including Molson Coors, Johnson & Johnson, Pfizer, and Walgreens. As Chief Commercial Officer, he will focus on Cresco Labs’ commercial strategic planning.
Chief People Officer
Angie Demchenko joined Cresco Labs as its first Chief People Officer. Previously, she served as the Vice President, Head of Human Resources at Starwood Retail Partners. In her current role, Demchenko is responsible for employee benefits, recruitment, compensation and performance management.
Chief Communications Officer
Jason Erkes is the company’s first Chief Communications Officer. He served Cresco as a consultant for a number of years before officially joining the team. Erkes is a former Emmy-winning journalist and entrepreneur.
Scott Wilson is the Chief Experience Officer of Cresco Labs. Wilson’s previous experience includes serving as Global Creative Director of Nike. He also has served in design leadership roles at companies like Thomson Consumer Electronics, IDEO, Fortune Brands, and Motorola. Wilson is a recipient of the Smithsonian Cooper-Hewitt National Design Award for Product Design. As CXO, he will help guide Cresco’s product strategy, design, packaging, and more.
Significant Insider Ownership
Charles Bachtell, CEO:
15.7 million shares
Joe Caltabiano, Former President:
17.6 million shares
Ken Amann, CFO:
1.6 million shares
Brian McCormack, Director:
27.6 million shares
Dominic Sergi, Director:
11.3 million shares
Robert Sampson, Director:
13.1 million shares
Randy Podolsky, Director:
1.0 million shares
Gerald Corcoran, Director:
1.0 million shares
New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. Cresco Labs, Inc. is a client of NCV Media, LLC. Read our full disclaimer.