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Love Hemp Group PLC Announces Change to CFO role

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Love Hemp Group (OTCQB:WRHLF) has announced the immediate resignation of Chief Financial Officer Robert Smyth, effective September 20, 2022. This change is by mutual consent, and Anthony Dyer, currently a non-executive Director, will serve as interim CFO until a permanent replacement is appointed. Love Hemp is a leading consumer goods firm focused on CBD health and wellness products, boasting a portfolio of over 40 items sold in more than 2,000 stores across the UK, including major retailers.

Positive
  • Appointment of Anthony Dyer as interim CFO may provide stability during the transition period.
Negative
  • The immediate resignation of Robert Smyth could indicate potential instability in the company's financial management.

LONDON, UK / ACCESSWIRE / September 27, 2022 / Love Hemp Group PLC (AQSE:LIFE)(OTCQB:WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, announces a change in the role of Chief Financial Officer.

Further to the announcement of 20 September 2022, and by mutual consent with Robert Smyth, the Company has agreed to his immediate resignation. The Company is also pleased to announce that Anthony Dyer, currently non-executive Director and an experienced CFO has agreed to take over as an interim CFO with immediate effect until a replacement is found.

For further information please visit: www.lovehempgroup.com or contact:

Love Hemp Group
Tony Calamita

investor.relations@lovehempgroup.com
+44 (0) 203 968 6643

About Love Hemp Group

Love Hemp Group is a brand-led consumer goods company focussed on health and wellness solutions for consumer use cases including sleep, pain, anxiety, stress and recovery. The Company is a pioneer in the UK-based premium high-quality CBD market, with over 40 products including oils, edibles, sprays, cosmetics and topicals. The Company's range of products are sold online across 70 websites and in over 2,000 stores including some of the biggest retailers in the UK, such as Holland & Barrett, Tesco, Boots and Ocado.

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Love Hemp Group PLC



View source version on accesswire.com:
https://www.accesswire.com/717592/Love-Hemp-Group-PLC-Announces-Change-to-CFO-role

FAQ

What is the recent change in CFO for Love Hemp Group (WRHLF)?

Love Hemp Group announced the immediate resignation of CFO Robert Smyth and appointed Anthony Dyer as interim CFO.

When did the CFO change occur at Love Hemp Group (WRHLF)?

The CFO change at Love Hemp Group occurred on September 20, 2022.

Who is the interim CFO of Love Hemp Group (WRHLF)?

Anthony Dyer has been appointed as the interim CFO of Love Hemp Group.

What impact does the CFO resignation have on Love Hemp Group (WRHLF)?

The resignation of CFO Robert Smyth could signal potential instability in financial leadership.

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