Item 9 Labs Corp. announced that on May 17, 2023, Mr. Michael Weinberger voluntarily resigned as Chief Executive Officer and member of the Board of Directors of the Company. On May 22, 2023, the Board appointed Mr. Douglas Bowden, age 63, as the Company's Interim Chief Executive Officer.

Mr. Bowden is currently the Chairman of the Company's Board of Directors. The biography for Mr. Bowden is set forth below: Mr. Bowden started his career in the electronics industry, working in a successful family run business, which he purchased with his brother and ran for nearly 20 years. This tech company's success was based on signal processing and monitoring providing hardware and software for broadcasters during the high definition revolution.

Bowden sold his business in 2009 and in 2013, Mr. Bowden and his son started Viridis Group, a real estate company centered on residential remodeling, multifamily and commercial real estate development in Colorado and Arizona. Through this venture they gained experience in real estate acquisition, design, project and construction management, leasing, finance and sales. Viridis Group has recently adopted the name Bowden Investment Group.

Mr. Bowden attended the University of South Dakota where he studied business. Mr. Bowden is co-founder of Viridis Group, dba Bowden Investment Group, a strategic partner of the Company.