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AusCann Announces Leadership Transition

• Ms Elaine Darby has advised the Board she intends to step down as Managing Director as part of AusCann’s transition to a sales focused pharmaceutical company

• Since listing AusCann has successfully achieved critical milestones in establishing a market leading position in the emerging Australian medicinal cannabis market

• The Board will now commence a comprehensive executive search to recruit a suitable candidate for the Company’s next phase of development and growth

• Ms Darby will continue in her role to ensure an orderly transition process until an appropriate time to hand over leadership responsibilities is agreed with the Board

Thursday, 27 September 2018 – Leading medical cannabis company AusCann Group Holdings Limited (ASX:AC8) (AusCann or ‘the Company’) wishes to advise that Ms Elaine Darby has informed the Board of her intention to step down as Managing Director of the Company.

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