“I am thrilled to be a part of the Indus team,” says Jenny Montenegro, Chief Operating Officer. “I am looking forward to pursuing my passion for continuous improvement and working with each of the departments within the company to maximize efficiency and excel the company’s trajectory towards profitability.”

Ms. Montenegro joins Indus’ management staff following a profitable tenure as Vice President of Commercialization, the place she was accountable for planning and managing the timeline of launch of model merchandise into the market. This led the corporate stage gate course of for the event of merchandise in edible, topical, and extraction manufacturing of its THC and Hemp-CBD divisions. In addition, she served a important position in shifting the corporate’s tradition to 1 that’s margin and KPI-driven.

“Jenny is extremely disciplined and has a great mind for numbers. She takes the time to understand the nuances of each department and helps implement solutions.” says Chief Executive Officer and Co-Founder Mark Ainsworth. “Her experience, drive and passion to understand each business unit gives her the ability to hold her team accountable in order to achieve our collective goals and I cannot think of anyone better suited for the position. I look forward to seeing Indus and its brands continue to grow and stay on track to profitability under Jenny Montenegro’s leadership.”

Prior to becoming a member of Indus, Ms. Montenegro served because the Founding Vice President of Consumer Packaged Goods and Operations the place she developed a five-year strategic plan targeted on establishing priorities and progress. She additionally aligned targets and market potential, created annual working and capital expenditure budgets, led implementation of their on-line enterprise channel, and developed and executed advertising and marketing promotions to drive in home and on-line gross sales. In addition, Ms. Montenegro served as a purchaser at Costco Wholesale after working her manner by means of the ranks. During her tenure, she was accountable for shopping for, budgeting gross sales, and managing stock, with over $1 Billion in annual gross sales in 53 Northern California areas.

Ms. Montenegro has shortly performed a big position in positioning Indus Holdings, Inc. the place the corporate is in the present day and can play an important half in persevering with the success of the corporate.

About Indus Holdings, Inc.
Indus Holdings, Inc. (CSE: INDS; OTCQX: INDXF) is a vertically-integrated hashish firm with superior manufacturing capabilities, together with cultivation, extraction, manufacturing, model gross sales & advertising and marketing, and distribution. Founded in 2014 and based mostly in Salinas, California, Indus gives companies supporting each step of the availability chain and an intensive portfolio of award-winning manufacturers, together with Cypress Cannabis, House Weed, The Original Pot Co., MOON, Acme, and Kaizen Medicinals. Indus Distribution, a division of Indus Holdings, Inc., is a number one distributor of hashish merchandise, servicing an intensive portfolio of manufacturers and licensed retailers.

Forward-Looking Information and Statements
This press launch comprises sure “forward-looking information” inside the that means of relevant Canadian securities laws and can also include statements that will represent “forward-looking statements” inside the that means of the protected harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking info and forward-looking statements should not consultant of historic details or info or present situation, however as a substitute characterize solely Indus’ beliefs concerning future occasions, plans or targets, many of which, by their nature, are inherently unsure and out of doors of Indus’ management. Generally, such forward-looking info or forward-looking statements may be recognized by the use of forward-looking terminology akin to “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such phrases and phrases or might include statements that sure actions, occasions or outcomes “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved.” The forward-looking info and forward-looking statements contained herein might embrace, however should not restricted to, the flexibility of the Company to efficiently obtain enterprise targets (together with completion of renovations and growing manufacturing capability), and expectations for different financial, enterprise, and/or aggressive components.  There may be no assurance that such forward-looking info will show to be correct, and precise outcomes and future occasions may differ materially from these anticipated in such forward-looking info. This forward-looking info displays Indus’ present beliefs and relies on info presently accessible to Indus and on assumptions Indus believes are cheap.

Forward-looking info is topic to identified and unknown dangers, uncertainties and different components that will trigger the precise outcomes, stage of exercise, efficiency or achievements of Indus to be materially completely different from these expressed or implied by such forward-looking info. Such dangers and different components might embrace, however should not restricted to: basic enterprise, financial, aggressive, political and social uncertainties; basic capital market situations and market costs for securities; delay or failure to obtain board or regulatory approvals; the precise outcomes of future operations; working and improvement prices; competitors; modifications in laws or laws affecting Indus; the timing and availability of exterior financing on acceptable phrases; the accessible funds of Indus and the anticipated use of such funds; delay or incapability to finish an acquisition; favorable manufacturing ranges and outputs; the soundness of pricing of hashish merchandise; the extent of demand for hashish product; the supply of third-party service suppliers and different inputs for Indus’ operations; lack of certified, expert labor or loss of key people; and dangers and delays ensuing from the COVID-19 pandemic. An outline of extra assumptions used to develop such forward-looking info and an outline of extra danger components that will trigger precise outcomes to vary materially from forward-looking info may be present in Indus’ disclosure paperwork, akin to Indus’ itemizing assertion filed on the SEDAR web site at www.sedar.com. Although Indus has tried to determine essential components that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different components that trigger outcomes to not be as anticipated, estimated or meant. Readers are cautioned that the foregoing checklist of components isn’t exhaustive. Readers are additional cautioned to not place undue reliance on forward-looking info as there may be no assurance that the plans, intentions or expectations upon which they’re positioned will happen. Forward-looking info contained on this information launch is expressly certified by this cautionary assertion.

The forward-looking info contained on this information launch represents the expectations of Indus as of the date of this information launch and, accordingly, is topic to vary after such date. However, Indus expressly disclaims any intention or obligation to replace or revise any forward-looking info, whether or not because of this of new info, future occasions or in any other case, besides as expressly required by relevant securities regulation.  Neither the Canadian Securities Exchange nor its Regulation Service Provider has reviewed, or accepts duty for the adequacy or accuracy of, the content material of this information launch.



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