Edible Garden AG , Inc. (EDBL) has released an update to notify the public and investors about its officers.
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Michael James retired from his executive roles at the Company on January 25, 2024, and a separation agreement was established, which includes a $300,000 severance payment and potential milestone payments up to the same amount, as well as a restricted stock award. Kostas Dafoulas was appointed as the interim CFO, who has been consulting for the Company since November 2023 and has no familial ties with the Company’s leadership but has an indirect interest in the consulting fees paid to his firm, CapConnect. His compensation continues at $300 per hour under the existing consulting agreement.
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