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%.