AusCann Group Holdings Limited announced the commencement of a Board renewal as the company progresses towards the next stage of its growth and development as a cannabinoid focused pharmaceutical company. As a part of this renewal, AusCann Chairman Mal Washer and Independent Non-Executive Director Cheryl Edwardes have each advised the company they will not be seeking re-election at AusCann's upcoming 2019 Annual General Meeting. Washer has on 28 October 2019 retired as Chairman and a Director of AusCann. The AusCann Board has commenced a process to appoint new directors including an Independent Chairman. Edwardes has agreed to act as Interim Chairman to assist the AusCann Board with the selection and appointment process before the expiration of her current term on 19 January 2020. As part of this process, the Board will include the appointment of a suitable nominee from AusCann's largest shareholder, Merchant Funds Management.