CHICAGO, Feb. 6 / PRNewswire / – Cresco Labs (CSE: CL) (OTCQX: CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the leading US wholesaler of branded cannabis products announced today the appointment of Sidney Dillard to the Board of Directors is announced with immediate effect. Ms. Dillard is a seasoned financial services manager with over 30 years of experience providing advice and capital solutions for Fortune 500 and medium-sized companies.
I am excited to welcome Sidney as our newest independent director to the Cresco Labs board of directors. She has an excellent track record of advising companies on how to raise and deploy capital.
Charlie Bachtell, CEO and Co-Founder of Cresco Labs
Your advice will be invaluable as we continue to prepare for a potential US listing, deploy capital to deepen our strategic presence and optimize our capital structure.
Ms. Dillard is currently Partner and Head of Corporate Investment Banking at Loop Capital Markets, one of the largest private investment banks in the United States, where she has contributed to a significant increase in the company’s revenue over the past five years. Her clients have included companies from a variety of industries including consumer goods, retail, and real estate. In her current position, Sidney is responsible for defining and executing the company’s growth strategy and serving as the lead advisor to her company’s corporate clients on their capital raising and advisory needs. She is also a member of the company’s Management Committee, Risk Committee and Fairness & Valuation Committee.
Throughout her career, Ms. Dillard has been responsible for raising over $ 600 billion from bond underwriting, initial public offerings, initial public offerings, share buybacks, private institutional fundraising, and advising on mergers and acquisitions. Before joining Loop Capital Markets, she was Senior Vice President and Division Manager at Northern Trust Bank with a focus on corporate client services and relationship development.
Ms. Dillard’s philanthropic efforts focus on leadership, empowerment, and access for women, girls, and African Americans. She is the board chairman of the Girl Scouts in Greater Chicago and Northwest Indiana and a board member of the National Association of Securities Professionals, the Chicago Network, and the IFF, a Mission-Driven Lender (CDFI) and developer who helps people thrive by creating Opportunities for low income communities and people with disabilities. Sidney is also a member of the Obama Foundation Inclusion Council. Ms. Dillard is a graduate of Stanford University and an MBA from Northwestern University’s Kellogg School of Management.
We are thrilled to see that Sidney will bring both her funding expertise, as well as her deep inclusion and community insights, to our board and company to further build our industry leadership on social impact and its impact on generating company value.
Tom Manning, CEO of Cresco Labs
About Cresco Labs Inc.
Cresco Labs is one of the largest vertically integrated multi-state cannabis operators in the United States with the aim of normalizing and professionalizing the cannabis industry. Cresco Labs takes the CPG (Consumer-Packaged Goods) approach and is the largest wholesaler of branded cannabis products in the United States. Its brands are tailored to meet the needs of all consumer segments and include some of the best known and trusted national brands including Cresco, High Supply, Mindy’s Edibles, Gute Nachrichten, Remedi, Wonder Wellness Co. and FloraCal Farms. Sunnyside, the national pharmacy brand of Cresco Labs, is a wellness-focused retailer created to build trust, education and convenience for existing and new cannabis users. Recognizing that the cannabis industry is on the verge of becoming one of the top job creators in the country, Cresco Labs runs the industry’s largest social justice and educational development initiative, SEED, which was created to ensure that all members of society know about the skills, knowledge and skills have the opportunity to work and own businesses in the cannabis industry. For more information about Cresco Labs, please visit www.crescolabs.com.
Original press release
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