Organigram Holdings Inc. OGI, -2.75% said Monday that Chief Executive Greg Engel is stepping down from his role effective today and will act as special adviser to the board through a transition period.
The Moncton, New Brunswick-based cannabis company said Peter Amirault, currently chairman of the board, will act as executive chair on an interim basis until a new permanent CEO has been appointed. Shares were down 0.9% premarket but have gained 99.6% in the year to date, while the Cannabis ETF THCX, -0.81% has gained 47% and the S&P 500 SPX, -0.72% has gained 11%.
Trying to Pump
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: