Who is George Scorsis?
In his own words, George Scorsis says that he “Devises strategies and executes plans to excite the consumer, surpass the competition and achieve brand superiority”.
As a C-level CEO and leader from Toronto, Canada and as the Executive Chairman of WeedMD, a medically focused, federally licensed producer and distributor of medical cannabis, George takes a constructive role in all business activities and rallies his team to excel, learn and contribute, setting high standards and forging a stimulating culture.
George Scorsis’ Background
George Scorsis is not new to heavily regulated industries. In fact, he worked with businesses in the energy drinks and alcohol sector, and more recently, medical cannabis. He has 25 years of experience as a leader in such industries. Prior to his role at WeedMD, George served as the President of Red Bull Canada and helped the company reach a total revenue of $150 million. He focused all his efforts in restructuring the organization, both from operational and geographical aspects. While working with Health Canada, he helped to regulate the guidelines for the energy drink category.
George Scorsis started his career in the alcoholic beverage industry while attending York University, completing his Bachelor degree in Administrative Studies and learning the ropes as a university ambassador for Bacardi Canada. He went on to earn his MBA at Queen’s Univeristy.
Leadership at WeedMD
While working in the cannabis industry, George Scorsis saw a tremendous opportunity with M&A and the consolidation of the industry. After the merger of Starseed and WeedMD, George Scorsis continued as the Executive Chairman with a combined transaction that led to a $25 million raise. This was followed by an additional $30 million credit facility to further expand both the medical and recreational platforms. The funds will increase the company’s working capital and provide the organization with financing to its commercial initiatives.
Founded in 2013, WeedMD owns and operates a 158-acre state-of-the-art greenhouse and outdoor processing facility located in Strathroy, Ontario as well as a fully-licensed 26,000 sq. ft. Aylmer, Ontario processing facility, specializing in cannabis extraction. WeedMD is dedicated to educating healthcare practitioners and furthering public understanding of the role medical cannabis can play as a viable alternative to prescription medication in relieving a variety of chronic medical conditions and illnesses.
George Scorsis is an avid contributor to many charities through his personal and business efforts. For years he has been involved with The Agincourt Food Bank in Scarborough and has collaborated with other professionals to establish a major food drive to help the organization.
He continues working closely with the food bank today, most recently during the COVID-19 pandemic.
George Scorsis on his Biggest Accomplishment
“Ultimately seeing how many individuals and colleagues I have worked with that have continued at other organizations and have started their own businesses that have been successful. This is truly a feeling of accomplishment knowing that I may have contributed to someone’s success.”