General Cannabis Corp. announced that on June 24, 2020, Michael Feinsod resigned as Executive Chairman of the Board of Directors the company. The Board and the Company disagree with Mr. Feinsod’s statements, and with his conclusion that his resignation was for “Good Reason” under the Employment Agreement. However, the Company accepts his voluntary resignation with immediate effect. Mr. Feinsod’s notice of resignation further states that Mr. Feinsod will remain Chairman of the Board. The Board and the Company do not disagree with this statement.