Regennabis and National Cannabis Risk Prevention Services, the market leaders in the areas of ESG Reporting and Disruptive Risk Management, have announced a new partnership that will bring the combined power of the two services to the Cannabis Industry at a time where their inherent culture and discipline is key to the direction of the global cannabis market.
“Services originating from the ESG and risk management foundations have long been referred to as ’ancillary’ to cannabis businesses,” stated Geoff Trotter, Regennabis Co- Founder and Chief Growth Officer. “We believe that the term ‘auxiliary’ offers a much more accurate description as these services are core to how Cannabis companies need to operate. The products and services that Regennabis and National Cannabis Risk Prevention Services (NCRPS) provide are now mission critical to the success of cannabis.”
“NCRPS provides EFFECTIVE risk management as a discipline that enables companies to embrace formal continuous improvement required to drive costs out of their business. This agreement, coupled with the clarity and alignment shared in the visions of the founders, make this partnership a natural and influential fit.” said
Rocco Petrilli, CEO and President of NCRPS. “In comparing our individual core competencies, NCRPS and Regennabis are aligned on multiple levels. It is time to apply such worthy solutions to cannabis and change the current value trajectory,”
Partnership activities will include the co-development of a follow-up study to the recently released “Resource Use Efficiency in the Cannabis Industry” report co-authored with Hawthorne Gardening Company (hawthorne-gardening.com). The report outlines the challenges indoor growers face from a sustainability perspective and steps that are being taken to create a framework for meaningful resource-use efficiency. The new report is being developed around the impacts of ESG and risk management principles and tools on cannabis cultivation and beyond.
Other joint activities will focus significantly on education, implementation and execution of resulting actions that will improve all areas of the cannabis vertical.