Vireo Growth Inc. has appointed Amber Shimpa as the new chief executive officer, effective immediately.
Shimpa, who has been with the company since 2014, has held various leadership roles with increasing responsibilities.
“I am honored to lead Vireo as CEO and look forward to collaborating with our teams in Minnesota, Maryland, and New York to advance our organization,” Shimpa stated. “We have a promising future ahead, starting with the launch of adult-use sales in Minnesota next year. I am eager to support our teams in achieving many more milestones in the years to come.”
Josh Rosen has stepped down as CEO, interim chief financial officer, and from Vireo’s Board of Directors to focus on his other business ventures. Rosen, who joined the board in August 2021 and assumed executive leadership roles in November 2022, has entered into a consulting agreement with Vireo.
Joe Duxbury has been appointed as interim CFO while Vireo seeks a permanent replacement. Duxbury, who has been with the company since 2019, has held financial and accounting positions with increasing responsibilities. Most recently, he served as vice president of finance, overseeing external reporting and investor relations.
“We are pleased to announce Amber Shimpa as Vireo’s new CEO,” said Executive Chairman Kyle Kingsley. “Amber has proven to be a strong leader and a valuable executive during her time as president. We are confident in her ability to lead the organization as CEO. We also thank Josh for his leadership during challenging times and for supporting Amber in this transition. We wish Josh continued success in his future endeavors.”
“I am proud of Vireo’s achievements over the past two years, especially the hard work and teamwork that led to financial and operational improvements,” Rosen commented. “Amber is well-equipped to lead Vireo given her leadership, communication skills, and experience. This transition is a natural progression for Amber, as she has already been carrying out many of these responsibilities. I am excited to focus full-time on investing and advising with Bengal Capital.”
Vireo has also mutually agreed to end its advisory agreement with Grown Rogue International, Inc. effective Sept. 30. As part of the termination agreement, Vireo surrendered 4.5 million of the 8.5 million Grown Rogue warrants received under the advisory agreement.
“While terminating our formal agreement with Grown Rogue, we appreciate their collaborative efforts as trusted advisors and team members,” Shimpa stated. “We are grateful for their contributions to our business, including their assistance in enhancing our internal talent and capabilities. Despite ending the formal agreement, we look forward to maintaining a friendly industry relationship.”
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Emil Kovács graduated from the Journalism program at Eötvös Loránd University in Hungary. During his journalism studies, he focused on data journalism, investigative reporting, and multimedia storytelling. He gained experience by writing for the university’s student newspaper, where he gained attention for his articles on social issues. After graduation, Emil began working as a reporter at a European news agency, where he conducts in-depth analyses of international news and current events.
