CEO of the Hydroponics Company resigns

Company News

by Rachael Jones

The Hydroponics Company (ASX:THC) has received and accepted the resignation of David Radford – its Chief Executive Officer. He had been in the role for five months. He will continue to manage a professional transition of current projects currently underway.

As a result of his resignation He has also withdrawn his candidacy for election oat the inaugural AGM and will resign from all subsidiary boards.

The news comes as shares in the medical marijuana sector have been doing well over the past year after the federal government introduced legislation to let it be prescribed for medical purposes and to allow its cultivataion and exportation abroad as long as suitable licences were granted and regulatory hurdles cleared.

 Shares in The Hydroponics Company (ASX:THC) closed down 6.25% to $0.60 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.