Emily Paxhia, a co-founder and managing partner of cannabis hedge fund Poseidon Asset Management, resigned from the board of directors at marijuana multistate operator Ascend Wellness Holdings.
Paxhia was the sole woman on the New York-based company’s board of directors.
Paxhia did not immediately respond to MJBizDaily‘s request for comment about her resignation.
Rebecca Koar, Ascend’s senior vice president of investor relations, declined to share the reason for Paxhia’s departure but told MJBizDaily via email that the company was thankful for Paxhia’s support and expertise.
“I will note that Emily indicated in her resignation letter that her decision to resign was not the result of a disagreement with Ascend’s operations, policies or practices,” Koar wrote.
“Although we are not (currently diverse), we are committed to an independent and diverse board as part of our succession planning and that process remains underway.”
Paxhia’s departure comes
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