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Felicia Snyder appointed as independent chair of the board of StateHouse

Felicia Snyder has been appointed as independent Chair of the Board of Directors of StateHouse, effective April 14, 2024. In connection with the appointment, Matthew K. Hawkins has stepped down from the Board effective April 12th, 2024, to focus on capital-raising activities ahead of Entourage Effect Capital's upcoming fourth fund launch.

"Felicia has provided a wealth of strategic guidance and leadership as a Board Member, and we are thrilled to see her take on the role of Chair," said Edward Schmults, Chief Executive Officer and Director of StateHouse. "We have already benefited immensely from her experience and expertise and look forward to all she will contribute as we enter our next phase of growth and development. The California market has experienced several shifts over the years; we have built a strong team that has risen to meet these challenges and opportunities. As a result of their hard work, we have improved our results and continue to capture market share as we navigate this consolidating and contracting landscape."

Mr. Schmults continued, "Additionally, on behalf of all of us at StateHouse, I want to sincerely thank Matt for his invaluable contributions as Chair. He has been a tremendous asset, and we wish him all the best in his future endeavors."

"It is a privilege working with the talented StateHouse team and witnessing firsthand their passion to create high-quality products that resonate with today's consumers," said Felicia Snyder, Chair of the Board. "California is at the center of the cannabis industry and StateHouse uniquely has the optimal platform of high-demand consumer brands and attractive retail footprint to scale and grow as the market advances."

"The team at StateHouse has done a fantastic job bringing together premier assets into one unified company, and it has been a pleasure working with them," said Matt Hawkins, Former Chair of the Board. "I'm proud of the work we have done together to create one of the most well-established platforms in California."

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