The Hempshire Group, Inc. announced that Martin Marion, President, Chief Executive Officer and Director has advised the Board of Directors that he will resign from his roles as an officer, effective December 31, 2022, for personal reasons. Mr. Marion has served as President and Chief Executive Officer of Hempshire since July 2021.  Mr. Marion's decades of marketing, strategic planning and business development experience within the consumer goods and healthcare sectors were instrumental in leading the Company through its transition from a privately held company to a public company listed on the TSX Venture Exchange which was completed in June 2022.

The Board of Directors has appointed Alex Shegelman as Chief Executive Officer of Hempshire effective December 31, 2022. Alex is Co-Founder and Managing Partner of Everleaf Capital Corp.  Alex has gained significant transaction execution and revenue generation experience over his 25+ years in investment banking, capital markets and corporate development.

He was the Head of Energy Investment Banking at one of Canada's largest financial institutions and the Head of Life Sciences Investment Banking at a bank-owned dealer. As Head of Energy Investment Banking, he was instrumental in achieving significant revenue growth over his six year tenure, participating in $6+B of energy financings in his final year. Alex has successfully executed 25+ M&A and advisory assignments and 100+ financings.

He holds a Bachelor of Arts in Economics, a Master of Business Administration (with Distinction), and is a CFA Charterholder.