LONDON, UNITED KINGDOM / ACCESS CABLE / Jul 8, 2022 / Love Hemp Group PLC (AQSE:LIFE)(OTCQB:WRHLF) the brand-led consumer goods company focused on CBD health and wellness solutions, provides an update on the changes to its Board and Management and the suspension of trading in the AQSE Growth Market that took place on May 3, 2022.
Changes in the Board and Management
As part of its ongoing internal process revisionThe Company has decided to make a series of changes immediately effect. The Company has eliminated the position of Executive Chairman currently held by Andrew Male. Graham Mullis has agreed to move from independent non-executive director to non-executive chairman. Andrew Male will take on a new role as non-executive director.
The Board also accepted the resignation of Garry Cook and we wish him well in his future endeavours. In his place, the Board has appointed Anthony Dyer, an FCCA-certified CFO/director with experience at Euronext and AIM, who chair the Audit Committee.
The senior management team has also been strengthened with the appointment of an interim General Manager reporting to Tony Calamita, CEO. The company continues to search for a third independent non-executive director, as well as a permanent CFO.
Commenting on the changes to the Board, Graham Mullis, Non-Executive Chairman, said:
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“I am excited about the opportunity that exists for Love Hemp and pleased to accept this appointment. These Board and Management changes will help the Company move forward and maximize its opportunities. Our initial objectives are to meet the Growth Market requirements of AQSE and to continue to strengthen the performance and structure of the Company. The Company is currently completing the operational restructuring, announced on March 31, 2022, and is considering its long-term goals to create shareholder value.”
Update on trading suspension
Trading in the Company’s shares was suspended on May 3, 2022 following the resignation of the Company’s AQSE Corporate Counsel. The Company has entered into discussions with a proposed new AQSE Corporate Advisor to allow the suspension to be lifted and will update shareholders further in due course.
For more information, visit: www.lovehempgroup.com or contact:
Love Hemp Group
+44 (0) 203 968 6643
About Love Hemp Group
Love Hemp Group is a brand-led consumer goods company focused on health and wellness solutions for consumer use cases, including sleep, pain, anxiety, stress and recovery. The company is a UK-based pioneer of the premium high-quality CBD market, with over 40 products including oils, edibles, sprays, cosmetics and topicals. The company’s range of products is sold online on 70 websites and in over 2,000 stores, including some of the UK’s biggest retailers such as Holland & Barrett, Boots and Ocado. Included in the Aquis Values Exchange (AQSE: LIFE), the company recently changed its name to Love Hemp Group plc, from World High Life, to better reflect its focus on supporting the “best in class” CBD brand as it embarks on further expansion. broad of its main business and offering.
Disclosure of the Market Abuse Regulation (MAR)
This announcement contains insider information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law under the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under article 17 of the MAR.
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