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Home 🌿 Medical Cannabis News 🌿 The boss of medical marijuana company Phytotech whose shares soared on debut has suddenly quit 🌿The boss of medical marijuana company Phytotech whose shares soared on debut has suddenly quit
The CEO of PhytoTech Medical, the first ASX listed medical marijuana company, has resigned.
Ross Smith’s departure comes less than two weeks since the company made its ASX debut, after which the share price soared.
However the share price has fallen back since. Phytotech shares were trading down 8.42% to $0.435 today.
His departure comes after a series of other company appointments, but also following some posts to his Facebook page.
The Australian reports that some threatening posts had shown up on his Facebook page in an escalating series of exchanges.
According to the West Australian, Smith has said that his “FB account got hacked by what is looking like a very good personal smear campaign.”
Phytotech chairman Peter Wall, in a statement to the ASX, said Smith’s resignation was be effective immediately.
“Ross has been instrumental in bringing together an outstanding team to manage the business moving forward. The company...
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