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Former Chipotle execs enter CBD industry with new extraction company
NectarTek produces 99.5-plus percent pure CBD isolate.
Former leaders of Chipotle Mexican Grill have entered the cannabidiol business with the founding of NectarTek, a new high-volume hemp extraction company.
Tim Spong, former Chipotle executive director of supply chain and operations services, serves as NectarTek’s CEO. He is joined by board members including Steve Ells, founder of Chipotle Mexican Grill; and Monty Moran, former president and co-CEO of Chipotle; as well as Thomas Giacomini, president and CEO of JBT Corporation; and Ralf Ludwig, principal owner, CEO and president of Wolf-tec, Inc.