The Board of Directors of Consolidated Growers & Processors, Inc. has named Larry Siddens
Chief Executive Officer it was announced today.

Siddens has thirty years management experience in the textile industry, most recently serving as
President and Chief Executive Officer of the Reeves Apparel Textile Group of Spartanburg, South
Carolina. In this position he was responsible for overseeing all facets of the $130 million in annual
sales of the apparel and textile group of Reeves Industries, including the development of marketing and sales strategy, import and export of raw material, joint venture development, product development and manufacturing.

Previously he was President, Apparel Fabrics Division, The Bibb Company; Vice President of
Sales and Marketing, National Nonwovens; Regional Vice President of Sales and Marketing,
Greenwood Mills; Regional Sales Manager, West Point Pepperell; National Account Sales
Manager, Ti-Caro Corporation and District Sales Manager for Talon-Textron. Mr. Siddens holds a
B.S. in English and Business from Hastings College, Hastings, NB.

"We are pleased to welcome Larry Siddens to Consolidated Growers,'' said Susan Brana,
chairman of the board. "We believe that his breadth of experience in the textile industry will be of
immeasurable assistance as we move forward in the months and year ahead,'' she continued.

Consolidated Growers & Processors, Incorporated was founded for the purpose of expanding and
commercializing emerging "industrial crops'' such as industrial hemp for use as sustainably grown
industrial raw materials. Applications for these products include home building, cosmetics, paper
pulp and automotive uses.

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