Chief Operating Officer and President of Mpx Bioceutical Corpp (US Operations)
Elizabeth Stavola joined MPX Bioceutical Corporation in 2017. Formerly the Canadian Bioceutical Corporation, the company focuses on operations in the medical and adult-use cannabis markets in several U.S. states. New Cannabis Ventures spoke to Stavola about her about how she went from starting a single, private dispensary to becoming COO of a public company with dispensaries and production facilities in four states.
Stavola worked in institutional sales at Jeffries New York on Wall Street, where she spent most of her career. As a mother of six, she retired from Wall Street and the Manhattan commute to focus on making investments for her family. A deal broker suggested investing $1 million into Arizona’s cannabis industry, and Stavola flew out to see for herself. A belief in the industry and what it could do for people quickly grew into a passion that led Stavola to open her first dispensary in Douglas, Arizona. She found two business partners, Sandy Clifford and Michelle Majors, moved into the Mesa, Arizona market, and created the Health for Life (H4L) brand.
During her early years in the cannabis industry, Stavola was running a private company, but she saw an opportunity to merge with a public company and took it. Now under the MPX Bioceutical umbrella, Stavola has found benefits like greater access to capital and enhanced brand awareness. For example, she was able to forge a relationship with the family office of Florida-based Hi-Med Industries, which has invested significantly into the company and provided it with two members of its Board of Directors.