DENVER, CO / ACCESSWIRE / December 18, 2018 / Medicine Man Technologies Inc. (OTCQX: MDCL) (“Medicine Man Technologies” or “Company”), one of the United States’ leading cannabis branding and consulting companies, today announced the hiring of Joe Puglise as its new Chief Operating Officer (“COO”).
In his role as COO, Mr. Puglise will be responsible for management of day-to-day sales and general operations activities. Mr. Puglise brings considerable experience in operational management, most recently at the Beekman Group where he serves as an Industry Partner and Board Member for a portfolio company holding, helping them to grow through both organic and acquisition means. Prior to that, he was President of New York properties for iHeartMedia, where he oversaw approximately 300 employees and almost $200m in annual revenue and $100m in annual EBITDA. Additionally, he has held board positions with organizations including the Ad Council of New York, the Annenberg Center at the University of Pennsylvania, Alliance for Lupus Research (ALR) 2014 Walk Co-Chair and Big Brother and Big Sisters of Central Arizona. Mr. Puglise is a 1992 magna cum laude graduate of the Wharton School of Business.
As we continue to experience dramatic growth across the business, including entering new verticals that will enable to us to transition into a ‘plant touching’ business with significant room for growth, Mr. Puglise will fill a critical role ensuring that the Company continues to operate in the most efficient manner, while solidifying our foundation to support continued growth and success in the coming years.
Interim CEO Andy Williams
“I am excited to be a part of a Company that has proven itself a pioneer in the cannabis industry, with a dynamic and growing client roster, backed by innovative branding and consulting capabilities,” Mr. Puglise said. “I look forward to leveraging my decades of leadership experience to further develop the Company’s client roster and improving organizational performance to support future growth.
About Medicine Man Technologies, Inc.
Established in March 2014, the Company secured its first client/licensee in April 2014. To date, the Company has provided guidance for several clients that have successfully secured licenses to operate cannabis businesses within their state. The Company currently has or has had active clients in California, Iowa, Oregon, Colorado, Nevada, Illinois, Michigan, Arkansas, Pennsylvania, Florida, Ohio, Maryland, New York, Oklahoma, Massachusetts, Puerto Rico, Canada, Australia, Germany, and South Africa. We continue to focus on working with clients to 1) utilize its experience, technology, and training to help secure a license in states with newly emerging regulations, 2) deploy the Company’s highly effective variable capacity constant harvest cultivation practices through its deployment of Cultivation MAX, and eliminate the liability of single grower dependence, 3) avoid the costly mistakes generally made in start-up, 4) stay engaged with an ever expanding team of licensees and partners, all focused on quality and safety that will “share” the ever-improving experience and knowledge of the network, and 5) continuing the expansion of our Brands Warehouse concept through entry into industry based cooperative agreements and pursuing other acquisitions as they prove suitable to our overall business development strategy. For more information, visit us at www.medicinemantechnologies.com.
