1933 Industries Announces Leadership Changes

1933 Industries Inc. announced the appointments of Mr. Paul Rosen as Interim CEO and Mr. Eugene Ruiz as President, effective immediately, to guide the strategic direction of the Company into a new phase of development.

Mr. Paul Rosen is a successful entrepreneur and a pioneer in the global cannabis industry, having founded, led and invested in multiple companies over the past decade. He co-founded PharmaCan Capital Corp. (NASDAQ:CRON; TSX:CRON) and served as its first President and CEO. He has held board positions with a number of publicly-traded cannabis companies and currently serves as the Executive Chairman of Global Go, a consultancy focused on the global regulated cannabis industry. Mr. Rosen is also a significant shareholder in 1933 Industries, as a result of his private placement investment in the Company in March 2019.

Mr. Eugene Ruiz is a seasoned executive with strong leadership skills and broad–based operational expertise. He has held numerous executive positions – including CEO, CFO and COO – across a number of industries in the United States. Mr. Ruiz has led the turnaround of several companies into profitable enterprises. Most recently, Mr. Ruiz served as CFO and Executive Vice President of the largest privately-owned, multi-state retail nursery operation in the western US, where he led the company from break-even to profitability, while quadrupling revenue.

“The appointments of these two accomplished business leaders are reflective of the Company’s accelerated focus on execution. Paul’s exceptional background in the cannabis industry in both the US and Canada is unmatched. Eugene has extensive executive leadership experience and a proven track record of leading companies to profitability,” said Mr. Terry Taouss, Chairman of the Board. “We are pleased to welcome Paul and Eugene as we advance towards our goal of becoming a leading player in the cannabis space, with best-in-class infrastructure and highest-quality brands that resonate with our target market.”

As part of the leadership changes, Mr. Chris Rebentisch has departed the Company and will no longer serve as CEO, and Ms. Ester Vigil will no longer serve as President.