Dutchie appoints Tim Barash as new Chief Executive Officer

Bend, OR. – Dutchie — the technology platform powering cannabis commerce – announced today that the Company’s Board of Directors has appointed Tim Barash as Chairman and Chief Executive Officer. Co-founders Ross and Zach Lipson have departed the company after a long tenure of driving growth, passion, and innovation in the cannabis industry.

Prior to Dutchie, Tim was the Chief Business Officer and Chief Financial Officer for Toast (NYSE: TOST). As Dutchie’s Executive Chairman of two years, he has been instrumental in setting overall business strategy, supporting Dutchie’s fundraising success and helping assemble a world-class management team.

“The cannabis industry has been through a wild run of ups and downs as it has evolved over the past few years. I am deeply committed to helping our customers, our team, and our partners navigate the challenges of this exciting and dynamic space while advancing our mission to create safe and easy access to cannabis.” said Dutchie CEO and Chairman Tim Barash. “On a personal level, I am proud of what the team has built at Dutchie, and am humbled to serve them as we set the company up for long term success.”

“Tim has the experience and leadership velocity Dutchie needs to deliver extraordinary value to our customers,” said Dutchie Board Member, early investor and Managing Partner at Gron Ventures Wilder Ramsey. “He has brought on a remarkable, public-ready management team from Toast, Hubspot and PayPal – companies that pioneered essential technology in underserved industries. They join a team that is already delivering sequential quarters of record growth.”

“As the first investor in Dutchie, I have had a front row seat to the development of this incredible organization. Tim has been a critical player in its success and we are thrilled to have him lead us into the future,” said Dutchie Board Member, early investor and Managing Partner at Casa Verde Karan Wadhera.

“From day one, Dutchie set out to create compelling products for cannabis businesses with the mission of normalizing and growing a nascent industry,” said Dutchie Founding Chief Technology Officer Chris Ostrowski. “I am thrilled to continue building on the past five years of record breaking growth with Tim as CEO. Tim’s track record of assembling world class teams and creating long term value for customers makes him the obvious choice to lead Dutchie into the future.”

Additionally, Dutchie announced several new leadership team members to help the company at scale, including:

• ‍Nick DeLeonardis will join Dutchie as Chief Financial Officer. As CFO, DeLeonardis will lead Dutchie’s finance organizations and help drive fintech innovation across the company. Prior to Dutchie, DeLeonardis was the SVP & GM of Employee Cloud and FinTech at Toast (NYSE: TOST), where he was responsible for leading Payments, Lending, Payroll & Team Management, and other financial services. Before Toast, DeLeonardis was Senior Vice President of Credit Trading at the Harvard Management Company.
• ‍John Kelleher recently joined Dutchie as General Counsel. Kelleher is helping guide Dutchie's culture and growth, with a specific focus on compliance, governmental affairs and public policy. Previously, Kelleher served for ten years as the general counsel for HubSpot (NYSE: HUBS), and eight years as general counsel for Endeca Technologies. Throughout his career, Kelleher has helped businesses unlock their next stages of growth, develop exemplary company cultures, and navigate complex regulatory and legal hurdles.
• ‍Michael Lee recently joined Dutchie as Vice President of Engineering. Michael’s expertise is driving next level speed, quality and innovation within Engineering teams. Michael brings over 15 years of tech experience as the previous CTO at Notarize and VP of Engineering at Toast.

‍About Dutchie‍

Dutchie is the cannabis technology platform powering cannabis commerce, streamlining dispensary operations, and providing safe and easy access for consumers. Powering over 5,500 dispensaries throughout the U.S. and Canada and facilitating over $14 billion in sales annually, Dutchie is a one-stop shop, providing solutions for point of sale, ecommerce, seamless payments, and more.

Dutchie aims to open minds to the positive societal change that cannabis brings to the world. Dutchie's solutions directly serve dispensaries and consumers alike, garnering recognition as one of Fast Company's 10 Most Innovative Companies in North America and LinkedIn's Top 50 Startups for three years running. To learn more, please visit https://business.dutchie.com.

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