Mr. Kyle Kazan reports
GLASS HOUSE BRANDS ANNOUNCES RESIGNATION OF BOARD MEMBER JAMIE MENDOLA
Jamie Mendola has stepped down from Glass House Brands Inc.'s board of directors, due to the time requirements of his increasing professional commitments.
"On behalf of the board and the entire team, I want to thank Jamie for his service and contributions to Glass House Brands," said Kyle Kazan, co-founder, chairman and chief executive officer of Glass House. "As the co-founder and head of strategy and M&A at Mercer Park Brand Acquisition Corp., Jamie played a pivotal role in the investment and due diligence efforts which culminated in Mercer Park and Glass House Brands coming together. His instrumental efforts paved the way for Glass House's public listing, enabling us to acquire the 5.5-million-square-foot farm (the SoCal farm) in Camarillo. Over the past three years, Jamie's insights have been invaluable to us, and we wish him continued success in his future endeavours."
"It has been a privilege to collaborate with the Glass House team in advancing strategies aimed at establishing an organization with best-in-class cultivation processes, an efficient cost structure, and a robust retail and wholesale network within the nation's largest and most competitive cannabis market," said Mr. Mendola. "I take great pride in our collective achievements and remain optimistic about Glass House's future. I extend my heartfelt gratitude to Kyle, the board and the senior management team for the opportunity to be part of this remarkable journey."
Upon Mr. Mendola's departure, the company's board of directors reduced the size of the board from eight to seven, which reflects the recent addition of John (Jay) D. Nichols and results in there being no vacancy following the departure of Mr. Mendola.
Due to his resignation, Mr. Mendola is removed from the slate of director nominees to be voted upon at the annual and special meeting of the company to be held on June 21, 2024. Any votes cast for Mr. Mendola using materials previously distributed by the company will be disregarded. The remaining seven director nominees listed in the company's management information circular dated May 20, 2024, and the related proxy card are the nominees for the seven remaining positions on the company's board of directors.
About Glass House Brands Inc.
Glass House
is one of the fastest-growing, vertically integrated cannabis companies in the United States, with a dedicated focus on the California market and building leading, lasting brands to serve consumers across all segments. From its greenhouse cultivation operations to its manufacturing practices, from brand-building to retailing, the company's efforts are rooted in the respect for people, the environment, and the community that co-founders
Mr. Kazan,
chairman and CEO, and
Graham Farrar,
board member and president, instilled at the outset. Through its portfolio of brands, which includes
Glass House Farms,
Plus Products,
Allswell
and Mama Sue Wellness, Glass House is committed to realizing its vision of excellence: outstanding cannabis products, produced sustainably, for the benefit of all.
We seek Safe Harbor.
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