Business
Why the AusCann (ASX:AC8) share price jumped 14% higher today
The AusCann Group Holdings Ltd (ASX: AC8) share price is on the move on Friday after the release of an announcement.
In morning trade the medicinal cannabis company’s shares are up 14% to 24 cents.
What did AusCann announce?
This morning AusCann announced that it will be changing its Chief Executive Officer upon the completion of the acquisition of CannPal Animal Therapeutics Limited (ASX: CP1).
According to the release, the Founder and Managing Director of CannPal, Layton Mills, will lead the combined company. This decision was reached following a combined meeting of the Boards of CannPal and AusCann and will take effect from the completion of the transaction.
AusCann’s current CEO, Nick Woolf, has decided to tender his…
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