Indus Holdings (CSE: INDS) (OTCQX: INDXF) Investor Dashboard

Indus Holdings
CSE Ticker: INDS
Market Focus: United States
Classification: Vertically Integrated
Country: United States
Employees: ~300 (October 2020)
Established: 2014
CEO: Mark Ainsworth

Indus Holdings – Management Team

Mark Ainsworth
CEO and Co-Founder
Mark Ainsworth oversees all manufacturing functions, including procurement and distribution. He brings to the company substantial experience in food manufacturing and distribution operations. In 2006, Mr. Ainsworth founded Pastry Smart, the first and only American Humane Certified and Organic bakery and confectionery manufacturer in the United States. Under his direction, Pastry Smart expanded into a 40,000 square foot state-of-the-art, energy-efficient production facility. Mr. Ainsworth has consulted with several Fortune 500 companies, and developed items at Pastry Smart that are still being sold by retailers such as Whole Foods Markets and Costco Wholesale. He has been a member of the American Culinary Federation since 2013.

Steve Neil
Chief Financial Officer 

Throughout his more than 35 years in executive leadership, Mr. Neil has gained international public and private company industry experience in agriculture, consumer products, medical devices, pharmaceuticals, technology and public accounting. He has also been involved in approximately 100 merger, acquisition and disposition transactions and has held positions in start-up, venture-backed companies as well as publicly held global entities.

Prior to joining Indus, Mr. Neil spent several years as an independent consultant, providing financial services and training; and advising C-suite executives for a roster of clients in various stages of growth. For four years, he served as Chief Financial Officer and Chief Operating Officer of Domestic Operations for Stockton, California-based Diamond Foods (DMND), a producer of such recognized packaged food brands as Emerald and Pop Secret. Mr. Neil served as Chief Executive Officer for Ocular Sciences and also served as Chief Operating Officer following the organization’s merger with its primary competitor, Cooper Companies. He has served as Chief Financial Officer for eyewear brand Sola International, and as Chief Financial Officer and President of International Operations for healthcare supplier Perrigo.

Jenny Montenegro
Chief Operating Officer

Ms. Montenegro previously served as Vice President of Commercialization, where she was responsible for planning and managing the timeline of launch of brand products into the market. This led the company stage gate process for the development of products in edible, topical, and extraction manufacturing of its THC and Hemp-CBD divisions. In addition, she served a critical role in shifting the company’s culture to one that is margin and KPI-driven.

Prior to joining Indus, Ms. Montenegro served as the Founding Vice President of Consumer Packaged Goods and Operations where she developed a five-year strategic plan focused on establishing priorities and growth. She also aligned objectives and market potential, created annual operating and capital expenditure budgets, led implementation of their online business channel, and developed and executed marketing promotions to drive in house and online sales. In addition, Ms. Montenegro served as a buyer at Costco Wholesale after working her way through the ranks. During her tenure, she was responsible for buying, budgeting sales, and managing inventory, with over $1 Billion in annual sales in 53 Northern California locations.

Kelly McMillan
Chief Compliance Officer

As Chief Compliance Officer, Mr. McMillan is responsible for ensuring Indus is operating within the boundaries of California’s evolving cannabis regulations, which affect everything from cultivation to packaging. Additionally, he works alongside law enforcement, advocacy and trade partners; as well as politicians and policy makers at multiple levels of government.

Mr. McMillan began his law enforcement career in 1984 as a deputy within the San Benito County Sheriff’s Department. In 1986, he transferred to the San Diego County Sheriff’s Department, and then to the Salinas Police Department in 1988. In Salinas, Mr. McMillan held the ranks of Officer, Corporal, Sergeant, Lieutenant, Commander, and Deputy Chief before he was appointed Chief of Police in June 2012. As Chief, he served as a board member of the California Cities Violence Prevention Network and a representative to the U.S. Department of Justice’s National Forum on Youth Violence Prevention.

George Allen

As an actively engaged Chairman of Indus Holdings, Mr. Allen is a seasoned executive with extensive financing and transaction experience having built multiple companies through a combination of organic and acquisition-driven growth. He has recruited operating teams and shaped strategy in several competitive and dynamic industries. Most recently, George Allen was President of Acreage Holdings, Inc. a cannabis multi-state operator. Mr. Allen joined Acreage’s predecessor company in 2017 and lead the transition from a 5-employee investment vehicle into a vertically integrated company with centralized operations. During his tenure Mr. Allen was responsible for multiple financing rounds, a complex roll-up, dozens of acquisitions, executive recruiting and an initial public offering. Immediately prior, George Allen was Chief Investment Officer of Cambridge Information Group (CIG) a large family office with a focus on digital content. At CIG, George managed a portfolio of private and public direct investments as well as a collection of indirect investments. He also recruited and trained a team to build an internally managed hedge fund focused on global growth equities. From 2011 to 2014 Mr. Allen led an acquisition-driven restructuring of Blucora (NASDAQ: BCOR) into a leading provider of wealth management and tax software. Prior to Blucora, Mr. Allen spent nine years at Warburg Pincus, managing investments in the communication, media and technology sectors, and Goldman Sachs in New York and Hong Kong, where he invested capital in distressed securities. Mr. Allen holds a Bachelor of Science degree in Mechanical Engineering from Yale University.

Significant Insider Ownership

Mark Ainsworth, CEO and Co-Founder:
1.36 million shares, 550K options and 170K restricted shares

Stephanie Harkness, Director:
862K shares, 423K warrants, 10K options and 210K restricted shares

William Anton, Director:
532K shares, 246K warrants, 10K options and 170K restricted shares

Visit Indus Holdings, Inc.

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