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The cannabis producer Aphria's CEO and one of its founders are transitioning out of their roles (APHA)

The cannabis producer Aphria's CEO and one of its founders are transitioning out of their roles (APHA)




Aphria on Friday announced that its cofounder Cole Cacciavillani and its CEO, Vic Neufeld, would transition out of their executive roles.




The company reported mixed quarterly results Friday morning.




Aphria shares were down 2.8% early Friday.




Watch Aphria trade live.




The Canadian cannabis producer Aphria reported mixed quarterly results Friday morning that were overshadowed by news that its cofounder Cole Cacciavillani and its CEO, Vic Neufeld, would transition out of their executive roles in the coming months.
The two will remain in their roles for now, working with Aphria's board chair, Irwin Simon, and the company's president, Jakob Ripshtein, on a succession plan.
"Now with legalization and globalization, including a huge market opportunity with positive developments in the US, Aphria's next generation of leadership may take the reins," Neufeld said in a statement.
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