California Cannabis Enterprises, Parent Company of Glass House Farms, Glass House Brands, Retailers The Pottery and Bud & Bloom and Others, Announces the Appointment of Its Chief Operating Officer

Daryl Kato Brings Decades of Financial and Operational Experience
from Fortune 500 Multinational Consumer Packaged Goods Companies,
including Nissin Foods and Nestle USA

LOS ANGELES–(BUSINESS WIRE)–#CCECalifornia
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/.

Contacts

Ellen Mellody
570-209-2947
[email protected]

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