Kaycha Labs, the national leader in Cannabis and Hemp testing, is excited to announce the recent appointment of Alan Silverman as the company’s Chief Financial Officer. The CFO position is a newly created role due to the company’s fast growth. In his role, Mr. Silverman will oversee all aspects of the company’s financial operations, including accounting, budgeting, equity and debt, fundraising, risk management, and financial reporting.
Mr. Silverman has worked in a broad array of other businesses in industries such as healthcare, life sciences, software, construction and real estate, and communication services. James Horvath, CEO at Kaycha Labs, explained, “Kaycha is at a point where we need a seasoned and qualified professional to manage our financial operations. In less than three years, we have grown from a Florida-oriented company with two testing labs to a national testing lab company with eight labs in seven states. And with plans for continued expansion, we are pleased that we have found someone with Alan’s depth and breadth of experience.”
John Schwartz, the COO, added, “Alan’s prior success in managing the financials of companies with numerous subsidiaries will allow Kaycha to analyze and make good decisions regarding investments. His knowledge of tax and his experience in delivering in all aspects of this role, including executing on major system conversions and creating a robust set of financial management reporting packages, will serve all of our stakeholders.”
About Kaycha Labs
Kaycha Labs operates eight testing labs in seven states including California, Colorado, Florida, Kentucky, New York, Oklahoma, and Tennessee. Kaycha Labs has the largest network of accredited labs and is a recognized leader in testing precision and speed, delivering results within 48 hours with sample automation and technology innovation.