Fyllo, the world’s first single-solution compliance expertise for highly-regulated industries, introduced in the present day that the Company’s Board of Directors has elected Mitchell Kahn as Chairman, efficient instantly. He initially joined Fyllo’s Board in November 2019.
Kahn is the co-founder of Grassroots, one of the largest privately held vertically-integrated multi-state hashish operators. In July 2019, Kahn spearheaded one of the business’s most outstanding acquisitions up to now, asserting that Curaleaf would purchase Grassroots in a money and inventory deal valued at roughly $875 million. The almost $1 billion deal Kahn engineered got here simply as most hashish corporations noticed their values deflated throughout the down market and can create the world’s largest hashish firm by income when it closes later this summer season.
“My respect for Mitch as both an entrepreneur and trusted advisor is unmatched. It’s rare to encounter someone with both bold vision and the ability to execute flawlessly on strategy,” stated Chad Bronstein, founder and CEO of Fyllo. “We are thrilled to have Mitch bring his skills and expertise to his new role as Chairman of the Board and provide the guidance necessary to position Fyllo for extraordinary growth.”
“Having built Grassroots, a company that operates across 13 states, I know first-hand the regulatory complexities that come with managing a high-performing organization in a highly-regulated industry like cannabis. As cannabis legalization expands and becomes mainstream, there is tremendous growth opportunity for a company like Fyllo that uses cutting-edge technology to build essential platforms that fuel growth for companies,” stated Kahn. “I am honored to be appointed Chairman of the Board and work alongside a tremendously talented and accomplished group of business leaders to create long-term value for the company.”
Kahn is a serial entrepreneur with twenty years of success in the actual property sector. Prior to Grassroots, he co-founded Frontline Real Estate Partners, a Chicago-based actual property funding and advisory firm the place he’s nonetheless Chairman. He additionally co-founded and served as President and CEO of Hilco Real Estate, one of the nation’s main actual property restructuring, disposition valuation and appraisal corporations.