Bhang Inc. announced that its board of directors has appointed Graham Simmonds as a director of the Company following the resignation of Nick J. Richards, effective January 28, 2021. Mr. Simmonds was also appointed as Executive Chair of the board of directors and Daniel Nauth, the Company's former Chairman, continues to serve as a director of the Company. Mr. Simmonds was nominated as a director by Plant-Based Investment Corp. ("PBIC") pursuant to a subscription agreement between the Company and PBIC dated February 10, 2020, whereby PBIC has the right to appoint a nominee to the Company's board of directors. Mr. Simmonds currently serves as Chair of PBIC and was formerly Executive Vice Chair of Bhang in 2020. Mr. Simmonds is an entrepreneur with a diverse background in consumer-driven businesses. He has founded and taken public three companies over the past 15 years in the gaming, cannabis and financial technology sectors. Mr. Simmonds has over 20 years of general experience in public company management and business development projects within the gaming, technology and other regulated sectors. He is also licensed and/or has previously been licensed/registered with a number of horse racing and gaming commissions in the United States and Canada. Mr. Simmonds is the founder and former Chairman and CEO of CordovaCann Corp., and DealNet Capital Corp. Graham currently serves as a director and/or officer to a number of public companies including Baymount Incorporated, Prime City One Capital Corp., Aion Therapeutic Inc. and Plant-Based Investment Corp. Mr. Simmonds also formerly served as a director and as Executive Vice Chair of the Company in 2020.