Davino is also president of Avanzato Technology, the Westside L.A.-based firm that specializes in manufacturing devices such as e-cigarettes and vaporizers. Avanzato also churns out innovations within its particular field niche, including the increasingly popular vape pens, which have become staple products of high-profile cannabis brands like Dosist.
In addition to Davino’s entrepreneurial vape endeavors, public company financial disclosures reveal the Italian-American marijuana mogul was one of the largest stakeholders in Sunniva, a publicly-traded cannabis firm based in Vancouver. As of 2016, Davino’s partial ownership stake in Sunniva alone was valued at more than $8.6 million.
Last year, Davino put some of that green back into the real estate market, shelling out $9 million for a swank L.A. residence. Built on speculation and completed in 2018, Davino’s boxy contemporary extravaganza lies just above the iconic Sunset Strip, in the lower Hollywood Hills, and is completely surrounded by camera-watched walls and gates for privacy.
Published: March 28, 2020