Green Thumb Industries Inc. (OTCMKTS:GTBIF) has appointed Swati Mylavarapu to its Board of Directors, who will serve in the Compensation Committee.
Swati Mylavarapu appointed to Board
The company will benefit from Mylavarapu’s massive advising, investing, and building on tech companies’ experience. Since 2017, she has served as the Managing Partner and Founder of Incite.org, a hybrid investment fund that combines philanthropy, venture capital, and civil advocacy to support ideals and solve some of the world’s pressing challenges. She was a Kleiner Perkins Caulfield & Byers investment partner between 2015 and 2017. Before that, Mylavarapu was involved in the international initiatives for digital payments and financial services firm Square.
Ben Kovler, Green Thumb CEO, said that Swati has an impressive background, combined experience in tech, social impact, innovation, and philanthropy that she will bring to the company. He said that they are delighted to add her skill set to the Board.
Swati said that she is honored to join the Green Thumb Boards whose values, mission, and executive teams she respects. She added that she is looking forward to helping the company become a good corporate to people through social change advocacy and job creation.
Green Thumb responds to salacious Chicago Tribune article
Green Thumb Industries recently responded to baseless claims made by the Chicago Tribune. The company said that it doesn’t have any evidence to corroborate an open federal probe alleged by a Chicago Tribune article on March 29, 2021. Green Thumb was made aware of the alleged investigation into supposed violations about license acquisition from a reporter shortly before the publication of the article. The company says the federal authorities are yet to initiate contact regarding the allegations.
Kovler said that the Chicago Tribune published unfounded claims that contact the corporate values of the company. He said that the reporter didn’t cite any credible source or give evidence but went ahead to publish a scandalous article meant to mislead. He added that the company acquires its licenses justly from state-run programs and acquisitions.