International Cannabrands Inc. announced that Steve Gormley has been appointed as the new President and Chief Executive Officer of the company. The company's current CEO, Jeffrey Britz has resigned as the Company's CEO and has been appointed as the Chairman of the Board of Directors. Mr. Gormley had previously joined the company's Board of Directors on April 16, 2018.

Steve is a renowned expert in the legal marijuana sector and whose analysis is featured prominently in outlets like Forbes, Wall Street Journal, CBS News, US News and World Report, Chicago Tribune, and Marketwatch. Steve presently serves as COO of Silverback Investments Inc. Silverback Investments Inc. Steve has operated a hydroponics retail gardening supply enterprise in Los Angeles as well as licensed cultivation facilities in California. In addition, the Company has appointed Mr. Neal Pomroy as Senior Advisor.

Mr. Pomroy is an experienced legal cannabis investor with deep domain knowledge and focus on technology, manufacturing, cultivation and retail. He has over twenty years' experience with private equity, growth and venture capital companies including Credit Suisse/DLJ Merchant Banking. Prior to his experience on Wall Street, Mr. Pomroy was a managing director for 15 years as a Strategy and Operations consultant at Mercer Management Consulting/Oliver Wyman.