Notis Global, Inc. announced that in anticipation of the possibility of certain changes in the composition of board and executive suite, Board of Directors, at a Special Meeting held on July 28, 2017, named Ned Siegel, company's long-standing non-executive Chairman of the Board, as Executive Chairman for the four-month period that expires on November 30, 2017. Thereafter, effective August 16, 2017, Clint Pyatt, who served as president and one of the directors, resigned from those positions in connection with agreement of that date, with, among others, him, then-51%-owned subsidiary, PCH Investment Group, Inc. (PCH), of which he was an executive officer, director, and a principal. In addition, on August 11, 2017, Jeff Goh, who served as Chief Executive Officer and one of directors tendered his resignation.

Mr. Goh is a former director and executive officer of PCH and, as of the date of his resignation, remained an owner of one-third of the outstanding capital stock of PCH. Prior to the tendering of his resignation, Mr. Goh and one of the members of Board's special committee had engaged in certain conversations in respect of Mr. Goh's future with the company or the methods by which he might exit from his positions with the company. As a result of those conversations ultimately not coming to a mutually satisfactory conclusion, Mr. Goh tendered his resignation from all positions with the company.