On February 28, 2020, Marijuana Company of America, Inc. announced that Edward Manolos and Themistocles Psomiadis were appointed as independent members to the company's board of directors. There is no arrangement or understanding between the company and Mr. Manolos and Mr. Psomiadis and any other person pursuant to which each were selected as a director. The company does not expect to name Mr. Manolos and Mr. Psomiadis to any board committees. Mr. Edward Manolos opened the very first Medical Marijuana Dispensary in Los Angeles County in 2004 called CMCA. Mr. Manolos is also the founder of many successful companies, such as Everest Biosynthesis Group and Natural Plant Extracts USA (NPE). Mr. Manolos has provided consulting services to several companies and has helped them obtain marijuana retail and production licenses in California and Washington, including Cannabis Strategic Ventures. Mr. Psomiadis has 25 years’ experience as a financial consultant and banker. From June 2011 to September 2012, Mr. Psomiadus served as consultant to Brazil Interactive Media's Brazilian subsidiary, Esotv, with Brazilian Investment Group, LLC. Mr. Psomiadus later served as the Chief Executive Officer and Chairman at Brazil Interactive Media, Inc. from March 13, 2013 until September 22, 2014. Mr. Psomiadis currently serves as Managing Director of Dutchess Capital Management, LLC.