Veritas Farms, Inc. announced On November 7, 2022, the Company's Chief Executive Officer, Alessandro Annoscia, stepped down as Chief Executive Officer, President, and a director of the Company, and from any and all other positions he held with the Company, and the Company's Board of Directors (the “Board”) appointed Thomas E. Vickers, Chairman of the Board, as Interim Chief Executive Officer (principal executive officer) and President of the Company until a permanent successor Chief Executive Officer is appointed. The Company and Mr. Annoscia will determine the terms of his departure at a future date. Mr. Vickers, age 58, has served as a director of the Company since October 2020 and as Chairman of the Board since May 2021, and he will continue in those roles.

Mr. Vickers is a highly accomplished corporate finance and operations executive with 35 years of business experience. Since December 2019 Mr. Vickers has served as the President and Founder of Stack Financial, Inc., which provides family office, CFO on demand, finance, and accounting services to various long-term and short-term contracts. Mr. Vickers has previously held senior executive financial and operational positions such as Chief Financial Officer and SVP of Human Resources at OmniComm Systems, Inc; Vice President of Finance of OmniComm Systems, Inc; Vice President of Operations at S & J; Vice President, Financial Operations at Precision Response Corporation; and Director of Servicing Operations and Controller of Ocwen Financial Corporation.

Mr. Vickers received both a B.B.A. in Finance and a B.B.A. in Accounting from Florida Atlantic University and earned his M.B.A. in Finance from the University of Miami. Additionally, Mr. Vickers received his Master of Taxation (M.T.X.) degree from Florida Atlantic University and is a Chartered Financial Analyst Charterholder.