Cann Group CEO Peter Koetsier has tendered his resignation just 14 months after assuming leadership of the medicinal cannabis company, which is growing sales at a fast clip but remains burdened by the debts incurred as a result of its capital-intensive crop production and manufacturing endeavor in Mildura.
Koetsier joined Cann Group in January 2023 following the departure of Peter Crock, who had led the group through its initial public offering (IPO) in 2017 and spearheaded the company's flagship $115 million Mildura facility which had its first commercial crop in 2022.
The outgoing CEO, who in November was appointed chair of Medicinal Cannabis Industry Australia (MCIA), has cited family reasons for his exit.
"I want to express my deepest gratitude to the board, employees, and stakeholders of Cann for their support and collaboration during my time as CEO. I am truly grateful for the opportunity to have worked alongside such talented and dedicated individuals," Koetsier says.
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