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Canadian cannabis company Organigram says CEO Greg Engel is stepping down with immediate effect

Organigram Holdings Inc.
OGI,
-2.75%

said Monday that Chief Executive Greg Engel is stepping down from his role effective today and will act as special adviser to the board through a transition period. The Moncton, New Brunswick-based cannabis company said Peter Amirault, currently chairman of the board, will act as executive chair on an interim basis until a new permanent CEO has been appointed. Shares were down 0.9% premarket but have gained 99.6% in the year to date, while the Cannabis ETF
THCX,
-0.81%

has gained 47% and the S&P 500
SPX,
-0.72%

has gained 11%.

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