Love Hemp Group PLC - London-based consumer goods company focussed on CBD health and wellness solutions - Says both non-executive Chair Graham Mills and interim Chief Financial Officer Anthony Dyer have completed their transition periods, and stepped down from the board with immediate effect.
Fahmeeda Khan has been appointed as the new interim financial director with immediate effect.
In addition, strategic investors who initially provided GBP1.5 million to Love Hemp's binding secured loan have increased this by GBP100,000. The secured total debt is now GBP1.6m, with a term of five years at an interest rate of 20%. The first year is interest-free.
Love Hemp shares are currently suspended on Aquis. They last traded at 0.43 pence each in London on April 29, 2022.
By Holly Beveridge; Alliance News reporter
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