Kaival Brands Innovations Group, Inc. announced that on December 21, 2023, Eric Mosser, the Chief Executive Officer and President of the company provided written notice to the Company?s board of directors of his resignation as a member of the Board, effective immediately. Mr. Mosser?s resignation is not due to any disagreements between the Company or the Board. Effective December 21, 2023, Mr. Mosser resigned as President of the Company and became a Senior Advisor to the Company and the Chief Executive Officer of Kaival International Brands, LLC, a wholly owned subsidiary of the Company.

Mr. Moser will report to Barry M. Hopkins, the Executive Chairman of the Company, until such time as a new Chief Executive Officer and President of the Company are appointed. At such time, Mr. Mosser shall report to the Company?s Chief Executive Officer as a Senior Advisor.