Why OrganiGram Holdings Stock Dropped Monday
Shares of Canadian cannabis company OrganiGram Holdings (NASDAQ: OGI) dropped Monday after the company told investors the CEO has stepped away from that role. As of 11 a.m. EDT, OrganiGram shares were 4.5% below Friday's closing price.
The company surprised investors today with news that CEO Greg Engel will be leaving that role immediately and that his interim replacement is board chairman Peter Amirault. Engel will remain as a special advisor to the board of directors during an undefined transition period. No reason was given for the change.
Source Fool.com
