Glass House announced that Jamie Mendola has stepped down from the company's board of directors due to the time requirements of his increasing professional commitments.
"On behalf of the Board and the entire team, I want to thank Jamie for his service and contributions to Glass House Brands," said Kyle Kazan, Co-Founder, Chairman and CEO of Glass House. "As the Co-Founder and Head of Strategy and M&A at Mercer Park Brand Acquisition Corporation, Jamie played a pivotal role in the investment and due diligence efforts which culminated in Mercer Park and Glass House Brands coming together. His instrumental efforts paved the way for Glass House's public listing, enabling us to acquire the 5.5 Million Square Foot farm (the "SoCal Farm") in Camarillo. Over the past three years, Jamie's insights have been invaluable to us, and we wish him continued success in his future endeavors."
"It has been a privilege to collaborate with the Glass House team in advancing strategies aimed at establishing an organization with best-in-class cultivation processes, an efficient cost structure, and a robust retail and wholesale network within the nation's largest and most competitive cannabis market," said Mr. Mendola. "I take great pride in our collective achievements and remain optimistic about Glass House's future. I extend my heartfelt gratitude to Kyle, the Board, and the senior management team for the opportunity to be part of this remarkable journey."
Upon Mr. Mendola's departure, the company's reduced the size of the board from eight to seven, which reflects the recent addition of John "Jay" D. Nichols, Jr. and results in there being no vacancy following the departure of Mendola.
Due to his resignation, Mendola is removed from the slate of director nominees to be voted upon at the annual and special meeting of the company to be held on June 21, 2024. Any votes cast for Mr. Mendola using materials previously distributed by the company will be disregarded. The remaining seven director nominees listed in the company's management information circular dated May 20, 2024 and the related proxy card are the nominees for the seven remaining positions on the company's board of directors.
