Cannabis industry veteran Joe Hodas is wrapping up his last week as president of Colorado-headquartered infused products company Wana Brands.
Hodas, who has led the Boulder-based company since founder Nancy Whiteman departed nearly a year ago, announced his departure in a LinkedIn post on Tuesday, noting the move is a “pretty normal cycle of acquisition, cost cutting and consolidation.”
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He was referencing Wana Brands’ 2021 acquisition by Canada’s Canopy Growth Corp. in a transaction that, at the time, was valued at $297.5 million. Wana said in 2024 the deal’s value had increased to $350 million.
That transaction was finalized last October when Canopy’s American-based holding company, Canopy USA, said it had taken a 100% stake in Wana and its properties.
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