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      Capitalizing on Cannabis, Jared Maloof, Standard Wellness, September 25, 2019, 12pm, The City Club in Cleveland


      • Capitalizing on Cannabis, Jared Maloof, Standard Wellness, September 25, 2019, 12pm, The City Club Photo #1
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      September 25, 2019

      Wednesday  12:00 PM

      850 Euclid Avenue
      Cleveland, Ohio 44114

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      Capitalizing on Cannabis, Jared Maloof, Standard Wellness, September 25, 2019, 12pm, The City Club

      Jared Maloof, Standard Wellness, September 25, 2019, 12pm, The City Club Capitalizing on Cannabis Standard Wellness was the first company in Ohio to legally sell medical marijuana and be vertically integrated within the cannabis space, holding licenses for cultivation, processing and dispensing. Learn how the company set itself up to be a leader in the state, and how it plans to continue to capitalize on the growing and everchanging market.     Jared Maloof is the CFO of Standard Wellness, the first company of its size in the state to be vertically integrated with cultivation, processing and dispensary, through its sister company, The Forest Sandusky, LLC. With over 50 employees, Standard Wellness provides natural, pesticide-free products and works to empower patients to lead healthy and rewarding lives.   Before joining Standard Wellness, Jared served as the CFO of PSC Metals, Inc. (PSC). PSC is a reportable segment of Icahn Enterprises (IEP, Nasdaq). PSC operates a network of eight scrap shredders, two non-ferrous separation facilities, and ~25 scrap feeder yards in the US. PSC also sells secondary pipe and plate through various distribution points in both the US and Canada. Jared has primary responsibility over treasury, financial planning, corporate development / strategic planning, and financial reporting. Jared routinely presented to IEP management and Carl Icahn long term plans to increase shareholder value. When Jared began with PSC, the Company was losing in excess of $30M per year in EBITDA, was highly levered and had nearly no liquidity.  Upon Jared’s departure in May of 2019, PSC had concluded a year with positive EBITDA earnings approaching $30M and had $100M in stand-alone liquidity.   Prior to joining PSC, Jared served as Director, Supply Chain Optimization & Director, Finance at Aleris International, where revenues were $5B. Jared was the Treasurer of the May Dugan Center for four years and lives in Fairview Park with his wife Wendy and four children.   For more information visit www.standardwellness.com

      Categories: Health & Wellness | Business & Networking | Outdoors & Recreation

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