Adastra Holdings Ltd. announced that on February 29th, 2024, Michael Forbes resigned as CEO, effective March 29, 2024. Mr. Forbes will be focusing on his other ventures in the cannabis and health space, including Ageless Living, longevity-based interdisciplinary clinics. The Company is currently in the process of selecting and approving a new CEO and hopes to make an announcement later this month.

Mr. Forbes has advised the Board of Directors of his willingness to support Adastra during this period of transition to ensure an orderly leadership transition to his successor.