produced cannabinoids, announced that Peter Wall and Simon Walters, non-executive directors, have stepped down from the Board of Directors and are leaving the Company with immediate effect. Mr. Wall has stepped down to focus on pre-existing executive management positions. Mr. Walters' retirement from the Board as a NED follows Cellular's planned course of business, with Mr. Walters having served on the Board as Finance Director since November 2020.

The role held by Simon changed to Non-Executive Director in September 2022 to coincide with Cellular's appointment of Bruna Nikolla as Chief Financial Officer.Following these departures, the composition of the Board is as follows: Darcy Taylor is Interim CEO and Chairman, Bruna Nikolla is Chief Financial Officer; and Misha Sher and Gill Whitty-Collins are Non-Executive Directors.