On November 2, 2023, Medicine Man Technologies, Inc. notice of the resignation of Jeffrey Garwood as a member of the Company?s board of directors, to be effective upon the Board?s nomination and appointment of another director to fill his vacancy. Mr. Garwood was a member of the Audit Committee and Compensation Committee of the Board. Mr. Garwood?s resignation is not the result of any disagreement with the Company on any matters relating to the Company?s operations, policies, or practices.

On November 2, 2023, the Board appointed Kathy Vrabeck as a Class A director to fill the vacancy left by Mr. Garwood. The Company expects that the Board will appoint Ms. Vrabeck to one or more of the committees of the Board; however, no committee appointments have been determined at this time. Ms. Vrabeck will serve until her term expires at the Company?s 2024 annual meeting of stockholders and until a successor is elected and qualified, or until her earlier death, resignation or removal.

Currently, Ms. Vrabeck serves as Chair of the Board of Directors, as well as Chair of the Compensation Committee and a member of the Audit and Nominations & Governance committees of MediaAlpha. Her previous board experience includes 9 years on the GameStop board of directors, where she served as Chair of the Board, Lead Independent Director, and as a member of all major committees during her tenure. She has served on various private company boards, including Stone Brewing Company prior to its sale to Sapporo USA in 2022.

Ms. Vrabeck serves as the Chief Operating Officer of BODi (formerly The Beachbody Company), where she is responsible for the Digital Product, Consumer and Enterprise Technology, global Supply Chain, Customer Service, R&D, Security, People and Property Management organizations. Ms. Vrabeck has over two decades of general management experience in consumer package goods and digital entertainment, and a decade of talent acquisition and advisory expertise. Before joining BODi in 2021, she was a Senior Client Partner in the Los Angeles office of Korn Ferry, a global talent and organizational advisory firm, where she led the Consumer Digital Practice, working closely with consumer and technology clients on C-suite and board director recruitment.

Prior to that, she was a Partner at Heidrick & Struggles, where she served as Global Sector Leader of their Media, Entertainment and Digital practice and partner-in-charge of the Los Angeles office. Ms. Vrabeck has held leadership roles at Legendary Entertainment, where she served as President, Legendary Digital and was responsible for the creation, management and delivery of digital entertainment; at Electronic Arts, Inc., where she served as President, EA Casual Entertainment and led EA?s efforts in the fastest growing segments of the video game market: mobile, online, social networking and global media sales; and at Activision, Inc., where she served as President, Activision Publishing, overseeing Activision?s product development and global brand management and publishing operations. Earlier in her career, Ms. Vrabeck held various marketing, sales and finance positions with ConAgra, The Pillsbury Company, Quaker Oats, and Eli Lilly and Company.

She graduated from DePauw University with a bachelor?s degree in French and economics and received her MBA from the Indiana University Kelley School of Business with concentrations in marketing and finance.