April 2, 2018 10:30 am
Updated: April 2, 2018 11:30 am

CanniMed CEO Brent Zettl resigns

CanniMed CEO Brent Zettl resigns, Aurora Cannabis SVP Andre Jerome takes role in interim.

File / Global News

CanniMed Therapeutics CEO Brent Zettl has resigned, effective immediately, as Aurora Cannabis nears completion of its acquisition of the medical marijuana company.

Zettl, who helped co-found the Saskatoon-based licensed producer in 1988, is pursuing other opportunities, the companies said in a statement.

READ MORE: Aurora Cannabis to begin integration with CanniMed after successful friendly offer

He has agreed to remain available to CanniMed and Aurora as they integrate the two companies.

Aurora’s senior vice president of business integration Andre Jerome has been appointed as interim chief executive.

READ MORE: Marijuana companies reach $1.1B friendly takeover deal

In January, Aurora struck a stock-and-cash deal valued at $1.1 billion to buy CanniMed.

The agreement ended a sometimes-terse takeover battle between the two marijuana companies.

© 2018 The Canadian Press

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