The Cannabist Co. has promoted David Hart to CEO and Jesse Channon to president.
Hart, who served as president and chief operating officer, replaces Nick Vita, who co-founded the New York-based multistate operator in 2012.
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Vita is retiring, according to a news release, but will retain his role on the board of directors.
The longest-serving CEO in the nascent marijuana industry, Vita helped grow The Cannabist Co. to thousands of employees and more than $500 million in annual sales in 16 vertically integrated markets across the United States.
In September, he led a rebranding effort of the MSO formerly known as Columbia Care.
The day before the rebrand announcement, the company announced a capital raise worth $25 million via a private placement.
“We all
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