Theory Wellness Becomes an Employee-Owned Company

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GREAT BARRINGTON, Mass. — Massachusetts-based cannabis company Theory Wellness is transitioning its ownership entirely over to its employees, in what is known as an employee stock ownership plan (ESOP). 
 
By doing so, Theory has become the first employee-owned cannabis company in the Commonwealth and the largest of its kind in the country, stated a press release.
 
Established in 2015 by co-founders Nick Friedman and Brandon Pollock, Theory Wellness has grown to include four dispensaries, production and cultivation facilities, over 200 employees, and has  served more than 3 million customers since inception.
 
"Our team is the heart and soul of our company," remarked Pollock, Theory's Chief Executive Officer. "Now we have the opportunity to honor their dedication by handing 100 percent of the company over to them." Brandon and Nick have been business partners since they met at Colby College in 2006. "It's the right thing to do," says Nick, Theory's Chief Strategy Officer. "We are proud of our employees - they deserve to own what they have worked so hard to create."
 
This change in ownership is not expected to disrupt the company's day-to-day operations.
 
Pollock added, "We expect a seamless transition. Neither our brand nor our management is changing. We are simply transitioning ownership over to our team."
 
While Theory may be the first in Massachusetts, it may be a harbinger of a broader trend.
 

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MassDOT: South County Road Work

BECKET, Mass. — The Massachusetts Department of Transportation (MassDOT) is announcing crews will be conducting daytime and overnight hour guardrail repair, drainage work, bridge repair, and tree trimming operations at various locations and times on I-90 eastbound and westbound during the week of Sunday, April 14.
 
Lane closures will be in place during the construction operations and traffic will be able to travel through the work zones.  The schedule for the work and lane closures will be as follows: 
 
Otis/Blandford 
Guardrail repair operations will be conducted nightly on I-90 westbound between mile marker 21.0 and mile marker 26.0 from Monday, April 15, through Thursday, April 18, from 7:00 p.m. to 5:30 a.m. the next morning. The work is expected to conclude by 5:30 a.m. on Friday, April 19. 
Drainage work will be conducted on I-90 eastbound between mile marker 21.0 to 24.0 from Monday, April 15, through Thursday, April 18, from 7:00 p.m. to 5:30 a.m. the next morning. The work is expected to conclude by 5:30 a.m. on Friday, April 19. 
 
Blandford
Bridge repair work will be conducted nightly on I-90 eastbound and westbound at mile marker 26.4 from Monday, April 15 through Thursday, April 18, from 7:00 p.m. to 5:30 a.m. the next morning. The work is expected to conclude by 5:30 a.m. on Friday, April 19.
 
Russell
Tree trimming work will be conducted on I-90 westbound between mile marker 33.0 to mile marker 36.0, from Tuesday, April 16 through Friday, April 19, from 7:00 a.m. to 3:30 p.m. each day. 
 
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