LOS ANGELES–(BUSINESS WIRE)–California Cannabis Enterprises (CCE), a fully vertically-integrated cannabis company and one of the top five largest cultivators in the U.S. via its subsidiary Glass House Farms, announced the appointment of Daryl Kato as its Chief Operating Officer (COO), effective immediately. Kato, the former chief financial officer (CFO) and board director at Nissin Foods USA and finance manager for confections and snacks at Nestle USA among others, will be a key member of CCE’s executive team, reporting directly to CCE Chief Executive Officer (CEO) Kyle Kazan.
“With an aggressive plan for continued growth and a commitment to expand our family of companies and world-class brands, attracting top talent like Daryl will give us a competitive advantage as the cannabis marketplace expands and matures,” said CCE CEO Kyle Kazan. “We are entering a new era and Daryl’s proven track record with some of the largest, best known multinational companies will help us accelerate growth and increase our portfolio’s value as we continue to scale. We look forward to working with him and others as we build out one of the most valuable vertically-integrated cannabis and brand-enabler companies in the world.”
Daryl will help oversee CCE’s company-wide operations as well as drive profitable growth across the company’s vertically-integrated platform, which includes:
- Glass House Farms: A California, earth-friendly, controlled-environment cultivator of premium flower, high-end genetics, pre-rolls, extracts and expanding product lines and top five largest cultivators in the world;
- Glass House Farms Manufacturing: Manufacturing solutions provide medical-grade extracted cannabis products to meet today’s growing market demands;
- Retail: The Pottery and Bud & Bloom, which serve customers throughout Southern California, providing a variety of high-quality medical-grade and adult-use cannabis, extracts, infused products, vaporizers, apparel and more; and
- Glass House Brands and Brand-Enabling Partnerships: Glass House Brands, Roam Escapes and others, along with partnerships with celebrities and influencers such as recently signed American singer-songwriter, musician and actress Jenny Lewis, reach and drive engagement across existing and new mainstream cannabis consumers.
Kato brings nearly two decades of experience leading and driving revenue, profitability and shareholder value across multiple consumer packaged goods sectors. Most recently, Daryl served as chief financial officer and board director at Nissin Foods USA, the creators of the original instant ramen and one of the largest prepackaged food companies in the world. Prior to Nissin Foods USA, he co-founded and grew a digital out-of-home advertising company to more than $5 million in annual sales and led the successful asset sale of the company in 2015. Daryl also comes to CCE having completed major business transformation initiatives with international giants such as Nestle Professional, Farmer Brothers, Mitsubishi UFJ Financial Group and Deloitte.
“I’m proud to join a company that is dedicated to bringing innovative and pioneering solutions, services, products and brands to the cannabis industry and is setting some of the highest quality, safety, and sustainability standards across its entire supply chain,” said California Cannabis Enterprises COO Daryl Kato. “The cannabis industry still has some hurdles to overcome, which will require thoughtful operational vision and execution to ensure long-term, profitable growth. I can’t imagine a more exciting place to be right now. I’m ready to help CCE integrate and strategically grow its portfolio into one of the most valuable cannabis brand-enabler companies in the world.”
For more information, please visit http://www.cacannabisenterprises.com/ and https://www.linkedin.com/company/calcannabisenterprises/.
About California Cannabis Enterprises, Inc.
One of the top five largest cultivators and vertically-integrated cannabis companies in the world, California Cannabis Enterprises, Inc. (CCE) is setting a new bar for what cannabis done right means. CCE’s family of environmentally, community-conscious cannabis companies, brands and product lines span across the entire cannabis industry’s ecosystem and include Glass House Farms, Glass House Brands, Roam Escapes, retailers The Pottery and Bud & Bloom and others. As the cannabis industry’s leading brand-enabler, celebrities, artists, athletes and influencers turn to CCE to create powerful partnerships that reach new audiences and drive consumer engagement. Currently, CCE is rapidly expanding its family of companies, product lines, brands and number of employees, and is expected to see sizable growth throughout 2019 and beyond. For more information, visit http://www.cacannabisenterprises.com/ or https://www.linkedin.com/company/calcannabisenterprises/.