PharmaCielo Ltd. announced that Marc Lustig has been appointed as Chairman and CEO. Mr. Lustig has a proven history of value creation across the cannabis, capital markets and health sciences sectors. Mr. Bill Petron, the Company's current Chairman and CEO will remain on the Board as Lead Director.

Mr. Lustig has served as Lead Director of PharmaCielo since November 2020. He was the founder and CEO of CannaRoyalty Corp. (Origin House), a leading distributor of third party and in-house cannabis products in California and other markets, which was sold to Cresco Labs Inc. in 2020.

Mr. Lustig holds M.S. and M.B.A. degrees from McGill University.