On July 25, 2022, the Board of Directors of Veritas Farms, Inc. appointed Alessandro M. Annoscia to serve as the Company's Chief Executive Officer to assume the duties of principal executive officer and as a Board member effective July 25, 2022. The Company's current Chief Executive Officer, Stephen E. Johnson, will step down as Chief Executive Officer, President, and a director of the Company, and from any and all other positions he holds with the Company and its subsidiary as of the Effective Date, and will continue with the Company as a consultant to provide transition services for a period of three months following the Effective Date. Alessandro M. Annoscia, age 58.

Prior to joining the Company, from April 2021 to July 2022, Mr. Annoscia was Head of Product Integration for Brightline Trains Florida, LLC., a private transportation company which operates an express passenger rail system connecting major population centers in Florida. From May 2019 to February 2022 Mr. Annoscia was with Xapo Bank Ltd., a private full-service bank, where he served in positions of increasing responsibility, most recently as its Chief Operating Officer. Prior to joining Xapo Bank Ltd., Mr. Annoscia was with Parabolt S.A., a software development and information technology services company, from April 2017 to April 2019 where he served in positions of increasing responsibility, most recently as its Chief Innovation Officer.

Mr. Annoscia holds a Bachelor of Arts degree in Computer Science from Jones College.