Jonathan Sandelman
Founder at AYR WELLNESS INC.
Net worth: 7 M $ as of 2024-03-30
Profile
Jonathan E.
Sandelman is the founder.
He founded Mercer Park LP in 2009 and Ayr Wellness, Inc. in 2017, where he holds the title of Chief Executive Officer and Executive Chairman respectively.
Currently, Mr. Sandelman holds the position of President & Director at NMS Services, Inc., President & Director at NMS Services (Cayman), Inc., President & Director at BAC Services, Inc., Director at CSAC Acquisition, Inc., and President, Secretary, Treasurer & Director at CSAC Acquisition NJ Corp.
In his former positions, Mr. Sandelman served as the Chief Executive Officer of Sandelman Partners LP from 2004 to 2010, Chairman, Chief Executive Officer & Secretary of Cannabis Strategies Acquisition Corp., Chairman of Mercer Park Brand Acquisition Corp., Independent Director of SITO Mobile Ltd.
from 2012 to 2017, Managing Director at Banc of America Capital Management LLC, Director at Do Something, Inc., Managing Director-Equity Derivatives at Salomon Brothers, Inc., Director at Impact Web Enterprises, Inc., Head-Debt & Equities at 3043283 Nova Scotia Co., and Head-Equities at BofA Securities, Inc. from 2002 to 2004.
Mr. Sandelman obtained an undergraduate degree from Adelphi University and a graduate degree from Benjamin N.
Cardozo School of Law.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
AYR WELLNESS, INC.
2.82% | 2024-03-25 | 1,800,654 ( 2.82% ) | 5 M $ | 2024-03-30 |
AYR WELLNESS, INC.
14.97% | 2024-03-25 | 947,125 ( 14.97% ) | 3 M $ | 2024-03-30 |
Jonathan Sandelman active positions
| Companies | Position | Start |
|---|---|---|
| AYR WELLNESS INC. | Founder | 2017-09-24 |
CSAC Acquisition, Inc.
 CSAC Acquisition, Inc. Financial ConglomeratesFinance CSAC Acquisition, Inc. operates as a special purpose acquisition corporation. The company is headquartered in New York, NY. | Director/Board Member | - |
| BAC Services, Inc. | President | - |
| NMS Services, Inc. | President | - |
| NMS Services (Cayman), Inc. | President | - |
CSAC Acquisition NJ Corp.
 CSAC Acquisition NJ Corp. Pharmaceuticals: OtherHealth Technology Part of Ayr Wellness, Inc., CSAC Acquisition NJ Corp. is a holding private company that manufactures medical cannabis products. The company is based in Las Vegas, NV. | President | - |
Former positions of Jonathan Sandelman
| Companies | Position | End |
|---|---|---|
| SITO MOBILE, LTD. | Director/Board Member | 2017-06-04 |
Sandelman Partners LP
 Sandelman Partners LP Investment ManagersFinance Sandelman Partners LP is an independent hedge fund firm headquartered in New York City. The firm was founded by Jonathan E. Sandelman in 2004 to manage assets of institutions and high net-worth individuals. | Chief Executive Officer | 2009-12-31 |
| Banc of America Capital Management LLC | Head-Equity Investments | 2004-09-30 |
| ░░░░░░ ░░░░ ░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | - |
| ░░░░░░░ ░░░░░░░░░ ░░░░ | ░░░░░░░░░ ░░░░░░░░░░░░░░░░░ | - |
Training of Jonathan Sandelman
| Adelphi University | Undergraduate Degree |
| Benjamin N. Cardozo School of Law | Graduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 2 |
|---|---|
| SITO MOBILE, LTD. | Commercial Services |
| AYR WELLNESS INC. | Health Technology |
| Private companies | 15 |
|---|---|
| NMS Services, Inc. | |
Sandelman Partners LP
Sandelman Partners LP Investment ManagersFinance Sandelman Partners LP is an independent hedge fund firm headquartered in New York City. The firm was founded by Jonathan E. Sandelman in 2004 to manage assets of institutions and high net-worth individuals. | Finance |
| NMS Services (Cayman), Inc. | |
| Banc of America Capital Management LLC | Finance |
| 3043283 Nova Scotia Co. | Finance |
Do Something, Inc.
 Do Something, Inc. Investment Trusts/Mutual FundsMiscellaneous Do Something, Inc. provides charity services to young people. The company is headquartered in New York, NY. | Miscellaneous |
| Salomon Brothers, Inc. | Finance |
Mercer Park LP
 Mercer Park LP Investment ManagersFinance Founded in 2009 by Jonathan Sandelman, Mercer Park LP is a hedge fund manager located in New York City. The firm provides portfolio management for private investment funds and collateral management for structured investment vehicles. | Finance |
| BAC Services, Inc. | |
| Impact Web Enterprises, Inc. | |
BofA Securities, Inc.
 BofA Securities, Inc. Investment Banks/BrokersFinance BofA Securities, Inc. is a registered broker-dealer subsidiary of NB Holdings Corp., ultimately held by Bank of America Corp. (NYSE: BAC). Headquartered in New York, the firm was founded in 2015 and offers trade execution, trading or brokerage services to institutional clients. | Finance |
Cannabis Strategies Acquisition Corp.
 Cannabis Strategies Acquisition Corp. Finance/Rental/LeasingFinance Cannabis Strategies Acquisition Corp. engages in the provision of acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the corporation. The company was founded by Kamaldeep Thindal and Charles Miles on July 31, 2017 and is headquartered in Toronto, Canada. | Finance |
Mercer Park Brand Acquisition Corp.
 Mercer Park Brand Acquisition Corp. Finance/Rental/LeasingFinance Mercer Park Brand Acquisition Corp. operates as a special purpose acquisition corporation, which engages in acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, and any other similar business combination. The company was founded on April 16, 2019 and is headquartered in Toronto, Canada. | Finance |
CSAC Acquisition, Inc.
CSAC Acquisition, Inc. Financial ConglomeratesFinance CSAC Acquisition, Inc. operates as a special purpose acquisition corporation. The company is headquartered in New York, NY. | Finance |
CSAC Acquisition NJ Corp.
CSAC Acquisition NJ Corp. Pharmaceuticals: OtherHealth Technology Part of Ayr Wellness, Inc., CSAC Acquisition NJ Corp. is a holding private company that manufactures medical cannabis products. The company is based in Las Vegas, NV. | Health Technology |
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