Phoenix, AZ--Copperstate Farms, a vertically integrated Arizona cannabis operator, announced in a press release that Fife Symington IV has been named Chief Executive Officer, effective immediately. As co-founder and managing director, Symington was identified as the ideal candidate to assume the vacant executive position.
[Image source: Y Scouts]
“I’m honored to take on this leadership role as Copperstate Farms enters a new chapter in its six-year history,” said Fife Symington, CEO, in the release.
In addition, Scott Barker, co-founder and managing director, has been named Executive Chairman.
Copperstate Farms has increased production capacity and product innovation across multiple categories. Company highlights in the first half of 2022, include:
- Tim Nolan named Vice President of Operations, bringing over 15 years of direct industry experience at large-scale cultivation facilities throughout North America.
- Diversified product portfolio with the market launch of Jukebox and expansion of the Good Things Coming line.
- Completely refreshed and revitalized offering of cultivars.
- Continued acceleration toward quality production with improved potency and yield.
- On track for a 40 percent increase in production in 2022.
Beyond these successes, refined cultivation and harvest practices have allowed Copperstate Farms to maximize its contributions in the concentrates category. The Company plans to expand its product portfolio with a focus on true-to-strain solventless extracts and live rosin products.
According to BDS Analytics, retail consumer appeal is driving the market share of concentrates. The category is forecasted to generate $8 billion in 2022 and nearly match flower sales.
Copperstate Farms remains a top cannabis wholesaler in Arizona and has grown its team to over 700 employees. The Company manages a 40-acre glass greenhouse in Snowflake, Arizona and five Sol Flower dispensary retail locations in Phoenix, Scottsdale, Sun City, and two in Tempe.
More details in their release.