MEDFORD, OR / ACCESSWIRE / May 3, 2021 / Executives at hemp company Plain Jane revealed Todd Boren and of the MacArthur Fund has joined their team. According to the Oregon-based company, Boren will become CEO alongside Plain Jane's current co-CEO Lindsey Holthaus.
Previously, Boren led Form Factory as its co-CEO. In 2018, Boren successfully headed the Acreage Holdings acquisition of Form Factory for a purchase price of $160 Million. This marked it as one of the largest exits in the US cannabis industry.
In addition to Form Factory, Boren's fund sold drug delivery company Chemistry Holdings to Cure Pharmaceuticals for $115 million. MacArthur Fund is also a significant stakeholder in the cannabis extraction company Vanguard Scientific.
Before Todd Boren became involved in the cannabis sector, he served in various positions, managing securities and venture capital acquisitions. Over his 25-plus-year career, Boren helped create two FINRA broker dealers: International Assets Advisory and Pinnacle Financial Group.
When asked for comment on joining Plain Jane, Boren told reporters, "I am very excited about my role with Plain Jane. Coming in as Co-CEO reminds me of the launch of Form Factory prior. I have been waiting for this perfect combination of team and branding excellence to add my skills to. I truly believe Plain Jane is the leader in brands and products for the multi billion dollar hemp market. Look for some major announcements soon."
Along side Todd and Lindsey, Peter Glik has also joined the PJ team as Chief Strategy Officer. Peter was director of Business Development and strategy at Form Factory. Peter has also been apart of MaCarthur Capital for 4 years as an advisor. Today's announcement follows a number of recent developments for the company, including new partnerships to expand global distribution and revolutionary new product expansion for adjacent high-growth market segments. "After spending four years at Form Factory focused on national and product strategy for some of the largest brands in cannabis, I am excited to focus on one brand that I believe will be disruptive to the US and emerging global markets. My passion aligns with my mission at Plane Jane; building brand loyalty within the industry.
To learn more about Plain Jane visit PlainJane.com.
About Plain Jane
Founders Lindsey Holthaus and CTO Evan Marshall launched Plain Jane in 2018 to deliver the highest quality hemp products and brands across the USA. Since its opening, Plain Jane has partnered with 15 hemp farms in Southern Oregon and sells its federally legal hemp products to over one hundred thousand American consumers. Plain Jane also created a revolutionary water curing procedure to make low odor CBD hemp cigarettes.
For Media Inquiries
Email: [email protected]
Phone: (833) 420-6621
Medford, Oregon. USA
SOURCE: Plain Jane Hemp Co