Chalice Brands Ltd. Announces Resignation of Board Member

PORTLAND, Ore., March 10, 2023 (GLOBE NEWSWIRE) — Chalice Brands Ltd. (CSE:CHAL) (OTCQB:CHALF) (the “Company” or “Chalice Brands”), a premier consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution, today announces that Mr. John Varghese has resigned from the Company’s Board of Directors (the “Board”) for personal reasons, effective immediately. Mr. Varghese was a valued member of the Board and his contributions will be missed.

Chalice Brands is known for its commitment to high-quality products and exceptional customer service. The Company has built a reputation for innovation and excellence in the cannabis industry, and Mr. Varghese played a key role in helping shape the company’s strategic direction.

While Mr. Varghese’s resignation is a loss for the company, Chalice Brands remains steadfast in its mission to provide customers with the best cannabis products on the market. The Board of Directors will begin the process of identifying a suitable replacement to fill Mr. Varghese’s position.

How Will This Resignation Affect Me?

As a consumer of Chalice Brands products, you may not notice any immediate impact from Mr. Varghese’s resignation. The company remains committed to providing high-quality cannabis products and exceptional service to its customers. However, changes in leadership can sometimes lead to shifts in strategy or direction, so it’s important to stay informed about any updates from the company.

How Will This Resignation Affect the World?

Chalice Brands is a leader in the cannabis industry, and its decisions can have a ripple effect throughout the world. The resignation of a Board member may cause turbulence in the stock market and could potentially impact investor confidence in the company. It’s important for stakeholders to closely monitor any developments following Mr. Varghese’s resignation.

Conclusion

The resignation of Mr. John Varghese from the Board of Directors at Chalice Brands Ltd. marks a significant change for the company. While his departure may not have an immediate impact on customers, it is essential for stakeholders to stay informed about any updates or changes in the company’s leadership. Chalice Brands remains dedicated to providing top-quality cannabis products and exceptional customer service as it navigates this transition period.