Columbia Care co-founder Michael Abbott is transitioning from his role as executive chairman to chairman of the Board of Directors, effective immediately.
Abbott co-founded Columbia Care with Chief Executive Officer Nicholas Vita in 2012 and helped build the company into one of the largest multi-state medical and adult-use cannabis providers in the U.S. In his continuing role as chairman, Abbott will remain integrally involved in company oversight and governance.
“It has been an honor and a privilege to work with Nick and the extraordinary team he has built around him over the past decade,” Abbott said. “I am deeply grateful for Nick’s friendship and partnership as we endeavor to build a leading company in a burgeoning industry."
“I am very grateful that my partnership with Mike will continue, with him remaining the chairman of our board, which he has been ably leading since we became a public company in 2019,” Vita added. “I look forward to continued collaboration with Mike and the rest of our directors and to his ongoing involvement with the company, as we strive to create shareholder value and positively impact the patients and customers we serve.”