Kaival Brands Innovations Group, Inc. announced the appointment of Barry Hopkins, David Worner and Mark Thoenes to the company's board of directors. The appointments bring senior leadership to the company covering key areas of tobacco industry experience, public company financing and accounting and corporate governance. The new board appointments coincide with the retirement of Paul Reuter as Chairman of the company's board of directors.

Existing independent directors Roger Brooks and George Chaung will continue to serve on the company's board. In his current role, Mark has proven invaluable in assisting with key decisions as its company navigated an exceptionally difficult regulatory environment. About Barry Hopkins: Barry Hopkins joins the company as Chairman of the Board with decades of senior executive experience within the traditional tobacco vape, and CBD spaces.

Mr. Hopkins spent most of his decades-long career primarily in senior sales and marketing roles for Turning Point Brands and Altria. Most recently, before retiring, Mr. Hopkins served as Senior Vice President of Executive Organizational Development of Turning Point Brands, where he led that company's senior management team in building the infrastructure for an enhanced performance management system and development of a new strategic planning process with a focus on mission critical initiatives to achieve a sustainable competitive advantage. These initiatives contributed to eight record-setting quarters in terms of revenue growth.

Mr. Hopkins earned an undergraduate degree in Business Administration, Management and Operations from his studies at Staten Island College and Bernard Baruch University. Mr. Hopkins will serve as Chairman of the Board of Directors and as Chairman of the Governance and Nominating Committee of the board. About David Worner: David Worner brings to the company board a diverse combination of finance, fundraising, mergers and acquisitions, technical accounting and operational experience gained over nearly 20 years.

Mr. Worner is currently the Chief Executive Officer & Founder of GrowthPath Partners, a transactional accounting & advisory firm that services companies going through fundraising, mergers and acquisitions and public offering events. Prior to founding GrowthPath, Mr. Worner was a partner at NOW CFO, an outsourced chief financial officer and financial consulting firm. Mr. Worner earned an undergraduate degree in Accounting from the University New Orleans.

Mr. Worner will serve as the Chairman of the Compensation Committee of the board. About Mark Thoenes: Mark Thoenes, the current Interim Chief Financial Officer of Kaival Brands, has more than 35 years of diverse financial and operational leadership. He has been a licensed Certified Public Accountant since 1984 and began his career with Ernst & Young Global Limited.

From 2000 to 2010, Mr. Thoenes served as the Executive Vice President and Chief Financial Officer of Rentrak Corporation ("Rentrak"), a publicly traded company listed on Nasdaq and headquartered in Portland, Oregon. Founded in 1977, Rentrak went public in 1986, and remained a public company until it was acquired by comScore, Inc. in 2016. For the past eleven years, in addition to his role at the Company, Mr. Thoenes has been the President of MLT Consulting Services, LLC, a full-service business/financial consulting firm.

Mr. Thoenes earned an undergraduate degree in Business Administration, Economics, Finance and Accounting from Portland State University.