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Posted 22 May, 2023

Item 9 Labs Corp. appointed Mr. Douglas Bowden as new CEO

OTC:INLB appointed new Chief Executive Officer Mr. Douglas Bowden in a 8-K filed on 22 May, 2023.


  On May 22, 2023, the Board appointed Mr. Douglas Bowden, age 63, as the Company's Interim Chief Executive Officer.  

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Overview of Item 9 Labs Corp.
Consumer Goods • Personal Care Products/Appliances
Item 9 Labs Corp. is a vertically integrated cannabis operator and dispensary franchisor. It operates through the Cultivation and Franchising segments. The Cultivation segment produces cannabis and cannabis-derived products and technologies through its Item 9 Labs brand. The Franchising segment sells medical and adult-use cannabis dispensary franchises under its franchise brand, Unity Rd. Its products include Orion, cartridges, flowers, pre-rolls, live resin sugar, live resin badder, and crumble. The company was founded on June 15, 2010 and is headquartered in Phoenix, AZ.
Market Cap
$40.9K
View Company Details
Item 9 Labs Corp. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Michael Weinberger - Resignation


On May 17, 2023, Mr. Michael Weinberger voluntarily resigned as Chief Executive Officer and member of the Board of Directors of the Company. The resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Mr. Weinberger will remain with the Company as a Strategic Advisor.


Douglas Bowden - Appointment


On May 22, 2023, the Board appointed Mr. Douglas Bowden, age 63, as the Company's Interim Chief Executive Officer. Mr. Bowden is currently the Chairman of the Company's Board of Directors.


The biography for Mr. Bowden is set forth below:


Mr. Bowden started his career in the electronics industry, working in a successful family run business, which he purchased with his brother and ran for nearly 20 years. This tech company's success was based on signal processing and monitoring providing hardware and software for broadcasters during the high definition revolution. Bowden sold his business in 2009 and in 2013, Mr. Bowden and his son started Viridis Group, a real estate company centered on residential remodeling, multifamily and commercial real estate development in Colorado and Arizona. Through this venture they gained experience in real estate acquisition, design, project and construction management, leasing, finance and sales. Viridis Group has recently adopted the name Bowden Investment Group. Mr. Bowden attended the University of South Dakota where he studied business.


Family Relationships


Mr. Bowden is not related to any officer or director of the Company.


Related Party Transactions


Mr. Bowden is co-founder of Viridis Group, dba Bowden Investment Group, a strategic partner of the Company. A full discussion of all related party transactions can be found in the Form 10-K filed with the SEC on January 13, 2023, incorporated by reference herein.