New CFO of General Cannabis Corp; Name the board members and the president

Prior to joining General Cannabis Corp, Ms. Jones served as Corporate Controller for the Americas at Cardino. Prior to that, she was Global Controller and Senior Director of Shared Financial Services at Arrow Electronics and in the past served as Assistant Corporate Controller at Ball Corporation. He began his career as a CPA at Ernst

Steve Gutterman, CEO of General Cannabis Corp, and a member of his Board of Directors, said: “We are fortunate to have a CFO with Diane’s deep functional experience, skills and technical wisdom in all facets of corporate finance and accounting. in various sectors, public corporations and environments of all sizes, which will be critical to us as we continue to expand our business, pursue our M&A goals, and load more strategic capital needed to fund our expansion goals. Committed diligently to ensuring that our controls and accounting comply with or go beyond practice. Diane will be at the center of those efforts.

General Cannabis Corp also today announced a replacement in the composition of its board of directors, as its 3 independent administrators, Peter Boockvar, Mark Green and Seth Oster, have to resign after nearly a decade of collective service on the board. Shareholder Adam Hershey said: “We appreciate the many contributions made through Peter, Mark and Seth. They have been invaluable to the expansion and progression of General Cannabis, helping to advise the company in difficult times and running to protect the interests of shareholders. are grateful to them. “

Mr. Gutterman said: “Our new board members are well placed for management, oversee corporate governance, and raise the price for shareholders. Carl is an experienced operator and leader who will provide vital mentoring in his role as chairman of the board. Richard’s wisdom about hashish money markets will help us grow; and Barker has been a fantastic spouse since we acquired SevenFive, and his wisdom from the Colorado hash market is extensive. We’re lucky they’re going to help us move forward. “

In recent months, General Cannabis Corp has continued to identify itself as a leader among Colorado hashish corporations, and has a subtle business strategy to focus on the acquisition and operation of authorized hash services across the state, exiting unprofitable industries and investing resources to help a M&A strategy that led to its successful acquisition last May of SevenFive Farm. The company continues to gain advantages from the robust functionality of its Next Big Crop cultural consulting business. In May, General Cannabis Corp became one of the only public hash corporations to obtain regulatory approval from the state of Colorado, allowing it to obtain authorized hashish comforts. business.

Additional information about new board members of General Cannabis Corp.

Carl Williams’ career in the monetary area includes several high-level positions in the industry. He was president and CEO of Planet Payment (Nasdaq: PLPM), a company that handles payments from foreign merchants. Williams led the sale of Planet Payment to Fintrax. Group, a leading payment processing company. Previously, he was president of World Wide Payment Processing for Global Payments (NYSE: GPN). He was also president of the Commercial Services Division of the National Processing Company, a credit card, debit and processor check transaction. He holds a bachelor’s degree from La Salle University in Philadelphia.

Barker DaltonM. Dalton is the founder and CEO of SevenFive Farm, the first hash greenhouse specially built in Boulder County and has more than a decade of experience in the hash industry. Dalton built SevenFive Farm from scratch, overseeing everything from structure to culture and sales. Under his leadership, SevenFive Farm has one of the leading suppliers of hashish products wholesale, famous for its quality and consistency. Dalton founded SevenFive after living in Costa Rica for five years, working on sustainable development. He focused on site study, main design and curtain supply. Prior to running in Costa Rica, Mr. Dalton gained significant retail experience as Robb’s co-owner of Music.

In the proponents General Cannabis Corp. General Cannabis Corp. provides a comprehensive national resource for the highest quality service providers for the regulated hash industry. The company is a reliable spouse in the cultivation, production and retail of the hash sector. facing the company’s online page is www. generalcann. com.

Forward-Looking Statements This press release comprises “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements can be known through the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “anticipate” and “project” and other similar expressions that are waiting or imply occasions or long-term trends or that are not old topic statements. Forward-looking statements are not promises of long-term functionality and are based on a series of estimates and assumptions of management, respecting management’s delight and belief in trends, existing situations and expected developments, as well as other applicable points in the circumstances. While General Cannabis Corp believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, caution should be exercised in relying on forward-looking statements, as General Cannabis Corp cannot guarantee that they will prove to be true. precise. Actual effects and developments may differ materially from those considered in these statements. Forward-looking statements are subject to a variety of dangers and uncertainties that may also cause actual occasions or effects to differ materially from those projected in the forward-looking statements. These dangers and uncertainties include, but are not limited to, existing and long-term market situations; have an effect on the COVID-19 pandemic in General Cannabis Corp, dangers similar to the laws, regulations and regulations of federal, state, local and foreign governments, adding adjustments in the regulation of the use of hashish for medical and recreational purposes; as well as the dangers and uncertainties discussed from time to time in General Cannabis Corp’s most recent Annual Report on Form 10-K and the most recent Quarterly Reports on Form 10-Q under “Risk Factors” and in upcoming filings before the securities and exchange commission. The statements contained in this press release are made as of the date of this press release. General Cannabis Corp assumes no legal responsibility to update the forward-looking statements made in this document.

Contact: Steve Gutterman sgutterman@generalcann. com

 

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