Leadership transition for AusCann

Company News

by Rachael Jones

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$0.275 -$0.005 -1.79%
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Last Updated: 24/02/2020 12:47 PM

Leading medical cannabis company AusCann Group Holdings (ASX:AC8) has appointed experienced pharmaceutical executive, Dr Paul MacLeman, to the AusCann Board as an Executive Director.

Dr MacLeman has over 25 years’ board and executive experience across the life sciences, agricultural and not for profit sectors.

He has launched a variety of products in Australia, the US and Asia, founded life sciences start-ups in the biologics area and worked in investment banking.

Elaine Darby has informed the Board of her intention to step down as Managing Director.

AusCann is transitioning from a start-up company focused on licensing and product development, to a pharmaceutical production and sales business.

Shares in AusCann Group Holdings (ASX:AC8) are trading 3.03 per cent higher to $1.02.


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.