Charlie's Holdings, Inc. Announces Executive Changes
November 03, 2021 at 09:54 am EDT
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Charlie's Holdings, Inc. ("Charlie's" or the "Company") announced that Charlie's Board of Directors will transition to a board with a majority of independent directors as required by the national securities exchanges. Effective November 3, 2021, Chief Executive Officer, Chairman, and Company co-founder, Brandon Stump has resigned for personal reasons and to allow Charlie's to appoint an independent director in his place. Mr. Stump will continue as the Company's single largest shareholder. Effective, November 3, 2021, inside directors Keith Stump and David Allen will also step down from the Company's Board in order to make room for additional independent directors. In preparation for the Company's proposed uplist to a national securities exchange, Charlie's intends to appoint one new independent director before January 1, 2022 and has initiated a search for additional distinguished candidates.
Charlie's Holdings, Inc. is engaged in formulating, marketing and distributing non-combustible nicotine-related products, alternative alkaloid vapor products, and hemp-derived vapor and edible products. Its wholly owned subsidiaries include Charlieâs Chalk Dust, LLC, which produces and sells nicotine-based and alternative alkaloid vapor products, and Don Polly, LLC, develops, markets and distributes products containing cannabinoids derived from hemp. Its alternative alkaloid products include SPREE BAR vapes with Metatine and are available with rechargeable, reusable batteries. Its other cannabinoids include PINWEEL Disposable, PINWEEL Carts and PINWEEL Edibles. The Companyâs products are produced through contract manufacturers for sale through select distributors, specialty retailers, and third-party online resellers throughout the United States, and in select international markets including the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada.
CHARLIE'S HOLDINGS, INC. 
