Flower One Holdings has appointed Molly Hemmeter to its Board of Directors, effective immediately. Ms. Hemmeter will replace Warner Fong, who is stepping down due to the demands and time requirements of his other professional duties and obligations.
"Flower One believes that our evolution and progress should not only be defined by our financial results, but also by our ability to be a steward of best-in-class corporate governance practices," said Ken Villazor, Flower One's President and Chief Executive Officer. "To accomplish this goal, we are actively looking for new ways to enhance our governance principles and evolve our Board of Directors. The addition of Molly Hemmeter to our Board is another step forward in advancing Flower One's leadership in the cannabis industry. Molly's executive management expertise, multi-sector industry involvement and prior board experience in the private and public sectors will support Flower One as we begin a new fiscal year focussed on continued revenue growth and strong business fundamentals. We welcome Molly to the Flower One team, and I look forward to working closely together to continue to position Flower One as a leader in the Nevada cannabis market."
"On behalf of our Board and the Company, I would also like to take this opportunity to thank Warner Fong for his many contributions in supporting Flower One, particularly through our transition to a publicly traded company in October 2018," added Mr. Villazor.
Ms. Hemmeter has advised private and public companies in the health and wellness space with a particular focus on growth and sustainability for nearly three decades. She currently serves on the Board of Directors at Wilbur-Ellis, a leading international marketer, distributor and manufacturer of agricultural products, animal nutrients, and specialty chemicals and ingredients, with annual sales of over US$3.0 billion. Ms. Hemmeter recently served as CEO, President and a member of the Board of Directors of Landec Corporation (LNDC), a publicly traded company in the health and wellness space with revenues of more than US$550 million. During her ten-year tenure at Landec, Ms. Hemmeter spearheaded the growth of Landec's two operating businesses: Curation Foods and Lifecore Biomedical. Curation Foods is an innovative, branded natural food company that works closely with its agricultural partners to distribute 100% clean ingredient products to retail, club and foodservice customers throughout North America. Lifecore is a specialty contract development and manufacturing organization (CDMO) for FDA-approved pharmaceutical products.
Prior to Landec, Ms. Hemmeter served as Vice President of Global Marketing and Business Development at Ashland Chemical, and also as an executive at two successful venture capital-backed software companies that were later acquired. Ms. Hemmeter held additional positions in strategy, marketing, engineering and operations at a number of other leading chemical, pharmaceutical and consumer product companies throughout her illustrious career.
Commenting on her appointment to Flower One's Board of Directors, Ms. Hemmeter said, "I am very excited to be joining Flower One's Board of Directors. I am thrilled to participate in an industry that is forging new ground in the health and wellness space. Flower One is focused on being the lowest cost, highest quality cannabis cultivator and production partner for premiere brands. This focus on operational excellence will continue to differentiate Flower One in the market. I am also impressed with the inclusive corporate culture that Flower One has established at such a critical stage of the company's growth. I look forward to working with my fellow Directors and the Flower One management team to grow the business upon the solid foundation that has already been established."
Ms. Hemmeter holds a Bachelor of Science and a Masters in Chemical Engineering from the University of Louisville and a Master in Business Administration from Harvard Business School .
For more information:
Flower One
20 Richmond Street East, Suite 600
Toronto, ON M5C 2R9
+1 (416) 913-9642
flowerone.com