Exactus, Inc. announced that effective June 24, 2020, Kenneth Puzder resigned from his position as a member of Board of Directors. There were no known disagreements with Mr. Puzder regarding any matter relating to its operations, policies, or practices. Mr. Puzder will continue to serve as Chief Financial Officer. Also on June 24, 2020, its Interim CEO, Emiliano Aloi, was appointed to serve as an additional member of its Board of Directors. Emiliano Aloi has served as the company's Interim Chief Executive Officer since April 24, 2020. He also served as its President from March 11, 2019 through April 24, 2020 and has served as a member of Advisory Board since January 9, 2019. Prior to joining Exactus Inc., Mr. Aloi co-founded Ceed2Med, LLC (C2M) in 2018 a global sourcing and distribution platform for industrial hemp and industrial hemp-derived products. Mr. Aloi will also continue to serve as Interim CEO. Finally, also on June 24, 2020, Alvaro Daniel Alberttis was appointed to serve as new Chief Operating Officer. Alvaro Daniel Alberttis, age 43, has served as a member of Board of Directors since January 16, 2020. Mr. Alberttis is an entrepreneurial executive, advisor and investor with over twenty years of experience across diverse small-middle market businesses and nonprofit organizations. Mr. Alberttis will also continue to serve as a member of Board of Directors.
Panacea Life Sciences Holdings, Inc. is a holding company organized as a plant-based natural health ingredient and product company. It specializes in the development, manufacturing, research, and distribution of products with natural health and wellness market segment for both humans and animals. The Companyâs subsidiary, Panacea Life Sciences, Inc. (PLS) is engaged in the production, distribution, research, and manufacturing of nutraceuticals, cannabinoids, mushrooms, kratom, and other natural, plant-based ingredients and products. The Company also offers natural remedies within its branded product lines for every aspect of life, including PANA Health, PANA Beauty, PANA Sport, PANA Pet, PANA Pure, and PANA Life. It also operates 51,000 square foot current good manufacturing practice (cGMP) facility located in Golden, Colorado. The Company, through Panacea Life Sciences Holdings, Inc., manages six retail locations and a distribution center situated in the Tampa, Florida area.
PANACEA LIFE SCIENCES HOLDINGS, INC. 