Ascend Wellness Holdings’ executive reshuffling continued Nov. 23 with the exit of one board member and the naming of two board members amidst the multistate cannabis operator’s ongoing leadership transition.
Emily Paxhia, who co-founded Poseidon Asset Management with sibling Morgan Paxhia in 2013, submitted her resignation from the board, effective Nov. 23. According to an Ascend press release, her resignation was not a result of any disagreement with the company’s operations, policies or practices.
“On behalf of the board and everyone at AWH, we would like to thank Emily for her contributions and dedication during her tenure here,” Executive Chairman Abner Kurtin said in the release. “Emily was one of our earlier investors and has supported Ascend from the beginning. We wish her the very best in her continued leadership in the industry.”
Also effective Nov. 23, Ascend appointed interim co-CEO and Chief Financial Officer Dan Neville and Joshua Gold (independent) to the company’s board of directors.
Neville, who has been with the company since March 2019, was named a co-CEO with president and co-founder Frank Perullo on Sept. 28, when Ascend first announced its leadership transition plan as founder and former CEO Kurtin awaited his arraignment hearing after a domestic battery charge earlier that month.
Two days later, on Sept. 30, the battery charge was dismissed, according to the Miami-Dade County Clerk of Courts.
Ascend’s board now includes five directors: Kurtin, Perullo, Neville, Scott Swid and Gold.
Gold joins the New York-based MSO as he continues to serve as a general partner of Inverness LLC and Blue Flag Partners LLC in Boston.
His bio is below:
Gold was the co-founder and chief operating officer of Three Bays Capital in Boston. Previously, he was a managing director at Jefferies & Co., where he served as head of client relationship management and member of the equity operating committee. Prior to Jefferies & Co., Gold served in various roles at Goldman Sachs & Co., Donaldson Lufkin & Jenrette, DeMatteo Monness LLC and Bear Stearns & Co. He recently served on the board of Urbn Leaf in San Diego.
Gold has served on the board of directors and executive committee of the Managed Funds Association (MFA) in Washington, D.C. He also served on the investment and finance committees at The Rivers School in Weston, Mass. Gold is the co-chairman of the board of directors of Team IMPACT and the co-founder of the Boston Investment Conference. He received a bachelor’s degree in Government and Law from Lafayette College in Easton, Pa.