In this new role, Flowr said Tuesday, Aronowitz will be based at the company’s Kelowna Campus and work closely with Tom Flow, the group’s founder and Managing Partner, across a range of strategic and tactical areas critical to the successful ramp-up of the business.
The company noted that Aronowitz brings over 30 years' experience as a board member, chief executive officer and board counselor, chief legal officer and corporate secretary for both public and private companies in a variety of industries including service, consumer goods, retail and manufacturing businesses with significant experience internationally, both in Europe and Asia.
Prior to joining Flowr, and since 2013, Aronowitz served as Head of Mergers & Acquisitions of Scotts where he led all M&A activities including the deployment of over USD$1 billion in capital. Concurrently, he also served as Chief of Staff to Scotts’ Chief Executive Officer.
Between 2008 and 2013, Mr. Aronowitz was the Chief Executive Officer and President of the Gnoêsis Group, LLC, a legal staffing and consulting company. He was a Director of Glimcher Realty Trust, which traded on the New York Stock Exchange, from 2006 until 2015, when the company was acquired by Washington Prime Group.
Tom Flow commented: “We are excited for David to join our team and are looking forward to the contributions he can make based on his vast experience across numerous sectors applicable to the cannabis industry.”
He added: “We worked closely with David when he was a senior executive at Scotts, where he devised the concept of teaming with Flowr to build and operate a one-of-its-kind cannabis research and development facility on our Kelowna Campus. Without his creativity and determination, this innovative facility would never have come into existence.”
In addition, Flowr also announced Tuesday that its board of directors has approved the granting of 150,000 incentive stock options and 50,000 restricted share units to an unnamed officer of the company.
The Options are exercisable at a price of C$4.00 per share for a period of five years.