On November 17, 2023, Veritas Farms, Inc.'s Chief Financial Officer, Ramon A. Pino, stepped down as Chief Financial Officer of the Company, and from any and all other positions he held with the Company. Except for certain restrictive covenants, including non-disclosure, non-compete, and non-solicitation covenants, contained in the Employment Agreement dated August 11, 2021 between the Company and Mr. Pino, the Employment Agreement will terminate effective November 17, 2023. The Company's Board of Directors appointed Thomas E. Vickers, Chairman of the Board, as Interim Chief Financial Officer until a permanent successor Chief Financial Officer is appointed.

Mr. Vickers, age 59, has served as a director of the Company since October 2020, as Chairman of the Board since May 2021 and as Interim Chief Executive and Interim President since November 2022, and he will continue in those roles. Mr. Vickers is a highly accomplished corporate finance and operations executive with 35 years of business experience. Since December 2019 Mr. Vickers has served as the President and Founder of Stack Financial, Inc., which provides family office, CFO on demand, finance, and accounting services to various long-term and short-term contracts.

Mr. Vickers has previously held senior executive financial and operational positions such as Chief Financial Officer and SVP of Human Resources at OmniComm Systems, Inc; Vice President of Finance of OmniComm Systems, Inc; Vice President of Operations at S & J; Vice President, Financial Operations at Precision Response Corporation; and Director of Servicing Operations and Controller at Ocwen Financial Corporation. Mr. Vickers received both a B.B.A. in Finance and a B.B.A. in Accounting from Florida Atlantic University and earned his M.B.A. in Finance from the University of Miami. Additionally, Mr. Vickers received his Master of Taxation (M.T.X.) degree from Florida Atlantic University and is a Chartered Financial Analyst Charterholder.