March 29, 2024

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Turning Level Brands Appoints Louie Reformina as Main Monetary Officer

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LOUISVILLE, Ky.–(Organization WIRE)–Turning Position Brands, Inc. (“TPB” or the “Company”) (NYSE: TPB), a maker, marketer and distributor of branded customer products and solutions, which include different smoking equipment and consumables with active elements, declared nowadays that Louie Reformina, Turning Place Brands’ present-day Chief Small business Advancement Officer, will be appointed the Company’s new Chief Monetary Officer, productive May possibly 1, 2021. Mr. Reformina is changing Bobby Lavan, who will step down just after 1st quarter earnings to join a new possibility. In addition, Brian Wigginton, Turning Stage Brands’ Chief Accounting Officer, has been promoted from Vice President to Senior Vice President.

“I would like to thank Bobby for his unceasing dedication to the Firm,” stated Larry Wexler, Turning Position Brands’ President and CEO. “Bobby played a key role in increasing Turning Position Brands’ money composition, streamlining the business enterprise, producing accretive acquisitions and investments and positioning the Firm for the advancement that we are experiencing nowadays. I search forward to monitoring his upcoming progress. On top of that, Louie has performed an significant leadership job in the Corporation by pivoting our emphasis to better development opportunities in hashish-similar and other branded consumer merchandise industries. I am psyched to see him increase his responsibilities as we accelerate our progress trajectory.”

“Turning Issue Brands is just one of the most revolutionary and well-capitalized corporations in the high-advancement hashish-connected components current market,” added Mr. Reformina. “Our iconic makes and marketplace-foremost distribution platform established us apart in this promptly evolving place. In addition, our New York Inventory Trade listing can help to provide deep obtain to the cash markets, which permits us to opportunistically get edge of acquisition chances that are over and above the reach of lots of opponents. As CFO, I glance ahead to continuing to function with the staff to reinvest our substantial no cost money flow in high-growth branded buyer merchandise, expand our distribution infrastructure and fortify our cash posture.”

“I would like to thank Larry and the management group at Turning Stage Brand names for the prospect to work with them on the Company’s continued evolution,” concluded Mr. Lavan. “I have been working closely with Louie due to the fact he 1st joined the Company and am assured that his elevation to CFO will assistance to make certain a seamless changeover, whilst continuing the Company’s target on advancement.”

Mr. Reformina joined Turning Place Brand names in 2019 and has about 20 many years of economic working experience. He previously served in investment decision roles at Stage72 Asset Management, Waterfront Cash Partners, Perella Weinberg Companions and Vestar Money Associates. He started his career as an expense banker at Goldman Sachs & Co. and acquired his MBA from the Stanford University Graduate School of Company, as well as his B.S. in electrical engineering from Cornell University, in which he graduated summa cum laude.

Preliminary Q1 2021 Final results

Turning Place Brands estimates that internet product sales for the initially quarter of 2021 will be at the superior finish or earlier mentioned the preceding direction of $97 million to $102 million delivered on February 10, 2021.

About Turning Point Manufacturers

Turning Place Makes (NYSE: TPB) is a maker, marketer and distributor of branded customer solutions, which include different smoking accessories and consumables with energetic elements, by way of its iconic main models Zig-Zag® and Stoker’s® and its emerging makes in just the NewGen segment. TPB’s goods are out there in more than 210,000 retail stores in North The us, in addition to internet sites these kinds of as www.zigzag.com, www.nu-x.com and www.solacevapor.com. For the most current information and details about TPB and its brand names, you should go to www.turningpointbrands.com.

Ahead-Hunting Statements

This press launch consists of ahead-on the lookout statements in the which means of the federal securities legal guidelines. Forward-seeking statements may possibly commonly be identified by the use of words this sort of as “anticipate,” “feel,” “be expecting,” “intend,” “approach” and “will” or, in just about every situation, their negative, or other variations or similar terminology. These ahead-hunting statements include all matters that are not historic points. By their character, ahead-on the lookout statements contain hazards and uncertainties due to the fact they relate to events and count on circumstances that may or may not come about in the upcoming. As a consequence, these statements are not guarantees of long run general performance and genuine gatherings might vary materially from all those expressed in or advised by the ahead-wanting statements. Any forward-wanting statement created by TPB in this push launch, its reviews filed with the Securities and Trade Fee (the “SEC”) and other general public statements made from time-to-time communicate only as of the date manufactured. New dangers and uncertainties arrive up from time to time, and it is impossible for TPB to forecast or identify all this kind of gatherings or how they may impact it. TPB has no obligation, and does not intend, to update any ahead-on the lookout statements soon after the day hereof, except as essential by federal securities guidelines. Components that could lead to these distinctions involve, but are not constrained to those people included it the company’s Once-a-year reviews on Type 10-K, Quarterly Reports on Sort 10-Q and other reviews submitted by the Corporation with the SEC. These statements represent the Company’s cautionary statements beneath the Private Securities Litigation Reform Act of 1995.

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