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Aurora Cannabis Ceo Steps Down, Cannabis Industry Loses Legendary Breeder Subcool: Week In Review

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In the months since Green Peak Innovations CEO Jeff Radway donned the cover of the June 2019 issue

of CBT, the company has already gone through a world of change. Michigan recently legalized adult-use cannabis sales, which started in December. And while Green Peak didn't start rec sales at its Skymint store in Ann Arbor until January, the company was the first large-scale, vertically integrated cannabis producer for adult-use in the state. Here, Radway shares how the company scrambled to jump on adult-use sales, how he balances inventory for two different consumers and the lessons he’s learned from a new market.

Cannabis Business Times: Can you give me an update on what's changed for the company since June?

Jeff Radway: Oh, wow. It feels like it was three lifetimes ago. Quite a bit has changed. We now have six stores open, and we have another five stores set to open over the next few months. Our main production facility where we cultivate and process is recreationally approved, so we're actually growing rec product as of early January—not yet harvested, but that's in the process. We have our first rec store open in Ann Arbor, which is phenomenal, and we are learning and navigating through the process of trying to maintain two different sets of inventory and trying to optimize both sides of the business in terms of medical and recreational and have the right product at the right place at the right time for the right consumers. All of that is on top of actively working on some acquisitions in some other states. So yeah, it's been busy. 

CBT: How is the Ann Arbor market?

Source: https://www.cannabisbusinesstimes.com/article/week-in-review-february-3/

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