Press Release

Leading Medical Cannabis Company Surterra Wellness Announces Beau Wrigley as New CEO

Surterra Wellness Expanded from 100 to over 500 Employees in 2018

Atlanta, GA – November 14, 2018 – Surterra Wellness (Surterra), one of the nation’s largest providers of medical cannabis, today announced that William “Beau” Wrigley Jr. will assume the role of Chief Executive Officer (CEO). Wrigley became Chairman of Surterra’s Board of Directors in August and has been closely involved with the company since September 2017. Jake Bergmann stepped down as CEO effective Monday, November 5th.

“I’m thrilled to assume the role of CEO for Surterra as the company evolves to the next stage of its rapid growth as a leader in the health and wellness industry,” said Chief Executive Officer Beau Wrigley. “Today we’re at a key moment for the company as we further grow our leadership team, add new brands, expand into new markets and expand our supply chain. Together, we will continue to expand our network of new partners and deliver on our strategy of building an industry-leading portfolio of brands that further elevate Surterra as a global leader in the dynamic cannabis space.”

With licenses in Florida and Texas, Surterra is one of the nation’s largest providers of medical cannabis products, operating 14 Surterra Wellness Centers and over 300,000 square feet of canopy throughout Florida. Demonstrating the company’s rapid growth and development in an evolving wellness industry, Surterra expanded from 100 to over 500 employees in 2018.

In July, Surterra closed a $65 million Series C equity fundraising round, led by Wrigley’s direct investment arm, followed two months later by the announcement of a landmark global licensing deal with Jimmy Buffett’s Margaritaville team to create a new medical marijuana brand, Coral Reefer.

About Surterra Wellness

Founded in 2014, Surterra Wellness is one of the fastest growing and cannabis health and wellness companies in the United States. With current licenses in Florida and Texas, Surterra continues to bring a broad portfolio of cannabis brands to patients across the country.

Chief Executive Officer William “Beau” Wrigley, Jr., the former chairman and CEO of the family-founded gum and confections company, led Surterra’s $65 million series C equity fundraising round and is the Company’s Chairman of the Board. Surterra is the global licensee for the Coral Reefer brand of cannabis. Surterra offers a wide variety of cannabis health and wellness products in multiple delivery options including vaporizer pens, tinctures, oral sprays, topical creams, time released transdermal patches, and soon-to-be-launched softgels.