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Minneapolis Medical Marijuana Company Appoints CFO

Vireo Health has named Shaun Nugent chief financial officer. He joins the company after stints at Sun Country Airlines and Life Time Fitness.

Minneapolis Medical Marijuana Company Appoints CFO
MinnMed products. (Photo courtesy of Vireo Health)

Minneapolis-based medical marijuana company Vireo Health International Inc. has named Shaun Nugent chief financial officer.

He joins the firm after holding C-suite jobs at Sun Country Airlines, Life Time Fitness, AllOver Media, and Champps Entertainment.

Nugent’s appointment comes less than a year after the company listed on the Canadian stock exchange.

“Shaun’s strong track-record of increasing revenue … in hyper-growth and capital-constrained environments is very impressive,” said Dr. Kyle Kingsley, CEO of Vireo. “We are excited to welcome Shaun to the Vireo family and are confident that he will help us continue to scale our business and become an even more efficient operator.”

Amber Shimpa, Vireo’s current CFO, will take on the newly created role of chief administrative officer.

Vireo subsidiary Minnesota Medical Solutions is one of two medical cannabis companies currently operating in the state. The other is Cottage Grove-based Leafline Labs.

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