MediPharm Labs management changes

Company News

by Katrina Bullock

Global cannabis investment company, MMJ Group Holdings (ASX:MMJ) have announced that one of their investments, MediPharm Labs, has changed management.

MMJ owns 4.3 per cent of MediPharm Labs.

Medilabs have appointed co-founder, Keith Strachan to president with founder, Pat McCutcheon continuing in his role as CEO and Chairman.

This follows predictions that the medicinal cannabis industry is set to boom in Australia with the Therapeutic Goods Administration approving an increasing number of drugs under the Special Access Scheme.

Shares in MMJ Group Holdings (ASX:MMJ) are trading 2.13 per cent higher to $0.24.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.