Cann Group CEO resigns

AU: "It is time for fresh leadership to guide the company through the next phase of growth"

Cann Group Limited announced that Chief Executive Officer, Peter Crock, has given notice of his resignation from the CEO position. Mr. Crock will remain in the CEO role until a new CEO has been appointed. The Board will be initiating a search for a CEO immediately.

Mr. Crock was appointed to the position of CEO prior to Cann Group being listed on the ASX in May of 2017.

Commenting on his decision, Mr. Crock said: "I believe it is time for fresh leadership to guide the Company through its next phase of growth. Much has been achieved over recent years, with the establishment of our manufacturing operations, key regulatory approvals, the development of our Satipharm delivery technology, plant breeding, and genetics program. The focus now is on ramping up our commercial operations as we look to capitalize on these assets."

"I will remain fully focused on implementing our growth plans until my successor is appointed and will then be available for the period that is appropriate to ensure a smooth transition."

Cann Group Chairman Allan McCallum said the search process for a new CEO will begin immediately. "With the Company now poised to accelerate its revenue growth – and with exciting initiatives underway such as our Satipharm CBD S3 registration program and a potential distribution agreement with Haleon – I'm confident we can attract a high-quality candidate with strong industry and commercial experience, who can execute on our plans for commercial growth."

"The Board acknowledges Peter's major contribution over the past several years and appreciates his commitment to ensuring an orderly succession process."

For more information:
Cann Group
contact@canngrouplimited.com   
canngrouplimited.com    


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