Florida-based multistate cannabis operator MedMen Enterprises Inc. announced Jan. 24 that its CEO stepped down last week and its executive chairman stepped down this week.
Ellen Deutsch Harrison, who had served seven months as the company’s CEO, also resigned her position as a board member, effective Jan. 19. Harrison had previously served as Acreage Holdings’ senior vice president of Market Development and Shared Services before joining Acreage last July. She also previously worked as chief operating officer at Stem Holdings.
Michael Serruya, who had served on MedMen’s board since August 2021 and was the company’s executive chairman since November 2021, stepped down from the board, effective Jan. 24. Serruya originally joined MedMen’s board as part of a $100 million investment in the company by Serruya Private Equity. He is a seasoned cannabis investor.
Additionally, MedMen announced Jan. 24 that its board appointed Richard Ormond as “chief restructuring officer.” The company did not provide further details.
MedMen has operations in California, Nevada, Illinois, Massachusetts and New York.
