Jenny Montenegro Named Chief Operating Officer of Indus Holdings, Inc.

Game-changing leader will further Indus Holdings, Inc.’s culture and strategic planning and execution

SALINAS, Calif., June 16, 2020 (GLOBE NEWSWIRE) -- Indus Holdings, Inc. ("Indus") (CSE:INDS; OTCQX: INDXF), a leading, vertically-integrated cannabis company, today announced that Jenny Montenegro, its Vice President of Commercialization has been promoted to the role of the company’s Chief Operating Officer effective immediately and will report directly to the Chief Executive Officer and Co-Founder Mark Ainsworth. Ms. Montenegro will oversee the cultivation, distribution, manufacturing, and sales departments. In her role, she will direct these functional areas, providing the tools they need to be successful, and ultimately holding departmental leaders accountable and fiscally responsible to meet their KPIs that align with the company’s overall financial goals of profitability. 

“I am thrilled to be a part of the Indus team,” says Jenny Montenegro, Chief Operating Officer. “I am looking forward to pursuing my passion for continuous improvement and working with each of the departments within the company to maximize efficiency and excel the company’s trajectory towards profitability.”

Ms. Montenegro joins Indus’ leadership team following a successful tenure as Vice President of Commercialization, where she was responsible for planning and managing the timeline of launch of brand products into the market. This led the company stage gate process for the development of products in edible, topical, and extraction manufacturing of its THC and Hemp-CBD divisions. In addition, she served a critical role in shifting the company’s culture to one that is margin and KPI-driven.

“Jenny is extremely disciplined and has a great mind for numbers. She takes the time to understand the nuances of each department and helps implement solutions.” says Chief Executive Officer and Co-Founder Mark Ainsworth. “Her experience, drive and passion to understand each business unit gives her the ability to hold her team accountable in order to achieve our collective goals and I cannot think of anyone better suited for the position. I look forward to seeing Indus and its brands continue to grow and stay on track to profitability under Jenny Montenegro’s leadership.”