MONCTON, N.B. – Organigram Holdings Inc. says Greg Engel is stepping down from his chief executive post.<\/p>\n<\/p>\n
The Moncton, N.B.-based cannabis company did not offer details on Engel’s departure, but says he will continue to act as a special adviser to the board during a “transition period.<\/p>\n<\/p>\n
Organigram’s board chairman Peter Amirault has been appointed to serve as executive chair on an interim basis and oversee day-to-day management of the company until a new CEO is named.<\/p>\n<\/p>\n
Engel has led the company since 2017 and was recently involved with signing Organigram’s $221-million deal with British American Tobacco.<\/p>\n<\/p>\n
In the months leading up to the deal, Organigram announced it would cultivate less cannabis than its Moncton facilities were designed to produce.<\/p>\n<\/p>\n
It also laid off at least 220 workers, or roughly one-quarter of its staff.<\/p>\n<\/p>\n
This report by The Canadian Press was first published May 3, 2021.<\/p>\n<\/p>\n
Companies in this story: (TSX:OGI)<\/p>\n<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
MONCTON, N.B. – Organigram Holdings Inc. says Greg Engel is stepping down from his chief executive post. The Moncton, N.B.-based cannabis company did not offer details on Engel’s departure, but says he will continue to act as a special adviser to the board during a “transition period. Organigram’s board chairman Peter Amirault has been appointed […]<\/p>\n","protected":false},"author":522,"featured_media":1633,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"guid":"","source":"The Canadian Press","byline":"","published":"2021-05-03T07:34:09","updated":"","_infotelid":"CP1018306226","_prepressid":"","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[383,2,381],"tags":[],"region":[309,310,311,312],"class_list":["post-1634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-in420","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/2021050312050-60901ec789f4488d06b38f0fjpeg.jpg","post_modified":"2021-05-03T14:34:09","post_modified_gmt":"2021-05-03T21:34:09","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/1634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/users\/522"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/comments?post=1634"}],"version-history":[{"count":2,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/1634\/revisions"}],"predecessor-version":[{"id":3811,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/1634\/revisions\/3811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media\/1633"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media?parent=1634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/categories?post=1634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/tags?post=1634"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/region?post=1634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}