TPCO Holding Corp. (“The Parent Company” or the “Company”) (NEO: GRAM.U) (OTCQX: GRAMF), a leading vertically-integrated California cannabis company, announced today that Dennis O’Malley, the Company’s Chief Operating Officer has elected to step down in the spring of 2022. To ensure a smooth transition, Mr. O’Malley will remain with the Company until March 15th, at which time Troy Datcher, Chief Executive Officer of the Company is expected to assume his duties and responsibilities.
Mr. O’Malley has served as Chief Operating Officer since January 2021, when the Company completed its qualifying transaction to create one of the largest vertically integrated cannabis operators in California. Prior to that, he served as CEO of Caliva since January 2017.
“Today our business is well positioned with both high-quality cannabis products and reach to become the preferred choice for California cannabis consumers. Our recent announcement of the extension of our voluntary lock-up agreement from 100% of Board Directors and key members of our leadership team reinforces confidence in our long-term plans to deliver shareholder value,” said Troy Datcher, Chief Executive Officer of The Parent Company. “On behalf of myself, our Board, and the entire senior management team, I would like to sincerely thank Dennis for the dedication and passion he has displayed during his time here. We wish Dennis the best in his future endeavors.”
Dennis O’Malley, Chief Operating Officer of The Parent Company, added, “It’s been a privilege over the last five years to work with such outstanding people. I know the Company is in good hands for the future.”
