Nutritional High International is pleased to announce the addition of Gary Margolin as Chief Operating Officer.
As COO, Gary will be responsible for the company's transition to the operational phase of its strategic plan, including the development and launch of the company's hemp oil line of products, and bringing completion of construction and commencement of operations to the Company's Pueblo, Colorado, and Lawrenceville, Illinois, facilities. He will also work with CEO David Posner and other members of the management team to develop expansion opportunities in other states.
Gary previously served as a key adviser to the CEO and a member of the Chief Operating Committee of Cablevision Systems Corporation, driving revenue growth from $1.4bn to $4bn and market capitalisation from $1bn to more than $14bn. Before joining Cablevision, Gary was an attorney focusing on corporate and employment law, including corporate finance (venture capital, private placement and public finance), M&A, labour relations (union and non-union) and governmental compliance.
His clients included small private companies, start-up companies, large NYSE-listed companies, venture capital firms and an agency of the United States Government. Since leaving Cablevision, Gary has consulted to executives at companies ranging in size from startup to large NYSE-listed companies and has developed a similarly strong track record of driving growth.
David Posner, CEO of Nutritional High, commented: 'We are delighted to have an executive of Gary's calibre join our management team. He has a lengthy track record of building scaled, technologically advanced operations in multiple states. We are seeing an increasing number of Fortune 500 executives enter the marijuana industry and believe Gary will be invaluable as we move to a fully operational state.'
Gary Margolin commented: 'Cannabis is a rapidly growing and maturing industry. What impressed me about Nutritional High is its commitment to the creation and execution of a business plan built for long-term success.'
'While they could have chosen to accelerate revenue by building more rudimentary facilities, Nutritional High has remained steadfast in its commitment to creating operations that will provide consumers with the same consistency of products that they expect from mainstream food items. While the building of appropriate facilities and the development of such products can be a lengthy process, I know that both regulators and consumers will appreciate and reward the efforts. I look forward to helping the company bring their vision to fruition,' he added.
