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Sativa brings in former W. W. Grainger exec as new CEO

The group said Henry Lees-Buckley’s expertise in major capital markets businesses, executive leadership and mergers & acquisitions would be of “great use”

Sativa Group PLC - Sativa brings in former W. W. Grainger exec as new CEO
The appointment comes as Sativa accelerates its growth efforts in the UK's cannabis market

Sativa Group PLC (LON:SATI) has appointed Henry Lees-Buckley, a former global executive at Fortune 500 industrial supply firm W. W. Grainger (NYSE:GWW), as its new chief executive with immediate effect.

Lees-Buckley joins the group from Uni-Select (TSX:UNS), a Canadian industrial paint seller, where he served as CEO.

READ: Sativa in talks with beverage firms to create CBD drinks in the UK

The medicinal cannabis group said Lees-Buckley’s expertise in major capital markets businesses, executive leadership and mergers & acquisitions would be of “great use” as it sought to accelerate “organic and acquisitive growth” and attract a broader investor base including institutions.

Meanwhile, Sativa’s founder and current CEO Geremy Thomas would transition to the role of deputy chairman and continue to deliver his “significant knowledge and expertise in the medicinal cannabis industry”.

Thomas said Lees-Buckley had the “enthusiasm, expertise and experience” to grow the business “significantly”.

Lees-Buckley added that the firm had a “significant runway ahead” and that the UK cannabis market was “particularly exciting as it is adopting already globally proven interest in CBD wellness and medicinal cannabis products”.

Sativa’s shares were trading at around 5.8p on the NEX exchange on Monday lunchtime.

Quick facts: Sativa Group PLC

Price: 5.75 GBX

NEX:SATI
Market: NEX
Market Cap: 0
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Full interview: Sativa Group is setting up for the future after Home Office...

Sativa Group (LON: SATI) CEO Henry Lees-Buckley joined Steve Darling from Proactive Vancouver to discuss the UK’s first listed Cannabis Company. This company focussing on 4 key business areas. Lee-Buckley talking about those areas and why he feels the UK is the right place at the right time...

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