MJ Freeway Announces Ruth Ann Kraemer as Chief Financial Officer
Kraemer will lead MJ Freeway's financial operations and be responsible for managing liquidity and capital market transitions
DENVER, Sept. 26, 2018 /PRNewswire/ -- MJ Freeway, the company that invented seed-to-sale technology and has the cannabis industry's first enterprise resource planning product, announced today the appointment of Ruth Ann Kraemer as its new Chief Financial Officer, effective October 1, 2018. In her role as Chief Financial Officer, Kraemer will lead MJ Freeway's financial operations and be responsible for managing liquidity, balance sheet risk, and capital market transactions to ensure MJ Freeway remains well positioned to capitalize on growth opportunities. She will report directly to Jessica Billingsley, CEO and Co-Founder.
From November 2012, Kraemer worked as the CFO of Tempo Financial Holdings, Inc., Tempo Financial US Corporation, and Unidos Financial Services, Inc., subsidiary corporations of Catalina Acquisitions, LLC. During this time, Kraemer managed and was responsible for the finance, accounting and tax strategies as well as investor relations of the varying corporations. From October 2010 through June 2012, Kraemer worked for Linc Energy Operations, Inc., as its Divisional CFO. From 2006 through 2010, Kraemer held the position of CFO for Allegro Multimedia, Inc., a software development company involved in the video gaming industry.
"I am delighted to welcome Kraemer to MJ Freeway's executive team. Her background in highly regulated, high volume, new market technology companies provides the expertise needed to successfully span the responsibilities of the CFO position," said Jessica Billingsley, CEO and Co-Founder of MJ Freeway. "She believes in our vision and strategy, and I am confident she will prove to be an invaluable asset as the company invests in technological advancements to better serve businesses and governments."
Kraemer commented, "I'm pleased to join the team at such a promising time in the company's development. MJ Freeway is uniquely positioned to continue thriving in the growing cannabis market and I look forward to working with its Board and Management team to help scale the business and develop long-term value."
In addition to her past CFO roles, Kraemer worked as the Chief of Operations/Compliance for Providence Investment Management, LLC and Agilis Capital Management, LLC, two mortgage hedge funds regulated by RIA, the Registered Investment Advisor Act. Kraemer also has held positions including VP of Financial Operations for Convergent Communications, a public telecommunications corporation; Director of Decision Support for JD Edwards Software Development, a public software development company eventually purchased by PeopleSoft; CFO of the Telecom Division of American Management Systems, a public business consulting and information technology firm. From 1983 through 1994, Ms. Kraemer served in varying controller and senior accounting roles for Deloitte and Touche, Okland Oil Company, Trison Properties, and Qualmed Plans for Health which later merged into Foundation Health Corp as part of the HMO consolidations of that time.
About MJ Freeway
MJ Freeway® is the largest global cannabis technology company having tracked more than $10B in sales with clients in Australia, Canada, Europe, South America, Switzerland, and the United States in 23 states and the District of Columbia. Founded in 2010 by technologists creating tech specifically for cannabis businesses, MJ Freeway's tracking software includes patent-pending inventory control and grow management applications to streamline workflow and increase efficiency. MJ Freeway's Leaf Data Systems software solution enables governments to track cannabis plants from seed-to-sale and ensure patient, public, and product safety. MJ Freeway also offers a complete suite of professional consulting services for cannabis businesses. For more information, visit mjfreeway.com.
KCSA Strategic Communications
SOURCE MJ Freeway
Released September 26, 2018