Two Rivers Water & Farming Company announced the resignation of Chief Executive Officer Wayne Harding, and the appointment of Greg Harrington as Interim Chief Executive Officer. Mr. Harrington will also replace Mr. Harding on the Board of Directors and assume his role as Acting Chief Financial Officer. Mr. Harding joined Two Rivers in July 2008, became the Chief Financial Officer in September 2009 and the Chief Executive Officer in June 2016.

Plans have been in place for this leadership change since several months before the merger with Vaxa Global on July 31, 2019 to facilitate the company's transition from a holding company with land and water rights into a fully integrated seed-to-sale operating entity. Mr. Harding will continue to be available to provide advice during the transition period. Mr. Harrington is an experienced financier and agricultural operating executive, who recently joined Two Rivers with the acquisition of Vaxa Global.

Following the closing of the acquisition last month, the Board of Directors has taken steps to strategically reposition the company in line with its new mission of becoming a leading hemp-based seed-to-sale operator. The appointment of Mr. Harrington in the interim role puts an experienced operating executive in place with the formal mandate to execute the acquisitions, internal restructurings and asset spinouts that the Board is considering. By the end of his assignment, the Board expects to have an operating management team in place to go forward.