One of the first women in the legal marijuana industry to launch and lead a multi-state growing, manufacturing and retail operation in the U. S. stepped down from the company that acquired the US division of MPX and the very assets she leveraged into a $1.6 billion merger in 2019.
When the former Wall Street equities broker first joined iAnthus, she became one of the few female board directors and C-suite executives of a publicly traded marijuana producer in the world. She began her unlikely foray into medical cannabis in 2012 as a passive investor in Arizona and quickly became an operator as she sought out new cannabis business licenses and assets in highly competitive markets including, Nevada, Maryland, Massachusetts and New Jersey.
The Jersey Shore mom of five daughters and one son engineered the $25 million acquisition of her Arizona portfolio known as Health For Life by a publicly traded Canadian corporation later known as MPX Bioceutical in 2017 and stayed on to run and scale MPX’s growing US footprint. In February 2019, iAnthus and MPX merged and Stavola came on board to help steward the expansion of retail stores and branded products across 11 states.
,” referring to the value of MPX in Canadian dollars. . In April 2019, on the evening Stavola was honored byas one of the top “Women of Weed,” ex-CEO Hadley Ford revealed the company paid “a 31% premium” to broker the deal with MPX so it could recruit Stavola to stay on. “She built all the asset value…Arizona, Nevada, Maryland, Massachusetts, wherever it is, she's the one who did it. She did all the acquisitions. All the organic growth. Every piece of it,” he explained at the time.
Ford stepped down in April when it was discovered he had breached the company’s conflict of interest policy by taking out $160,000 in personal loans from a corporate creditor. His ouster came on the heels of iAnthus
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