Item 9 Labs Corp. announced the appointment of Mr. Michael Weinberger, Mike as Chief Executive Officer, effective November 30, 2022 to lead the Company's future as an international cannabis franchisor. Mr. Weinberger is a current member of the Company's Board of Directors and Chief Franchise Officer.

Prior to joining Item 9 Labs Corp. in March 2021, Mr. Weinberger, 45, was COO of OCG Inc. starting in November 2018 in Denver, Colorado. Previously, Mr. Weinberger served as Maui Wowi Brand President and Vice President of Development of Kahala Brands from November 2015 to November 2018 in Denver, Colorado.

Mr. Weinberger served as Chief Executive Officer for Maui Wowi Franchising Inc. from July 2013 to November 2015 in Denver, Colorado. He is also the owner of Becheart Consulting, LLC located in Denver, Colorado, and has provided franchise and small business consulting through the company since July 2008.He graduated from the University of Denver Sturm College of Law in 2004. Trained as an attorney, his practice areas include franchise and real estate law with a focus on providing legal support to start-ups and small business owners.

On November 23, 2022, Mr. Andrew Bowden voluntarily resigned as Chief Executive Officer and member of the Board of Directors of the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Company is appreciative of Mr. Bowden's years of service to the Company as a director and Chief Executive Officer.