AusCann Group Holdings Limited announced the appointment of Mr. Tod McGrouther as the Company's new Chairperson of the Board, effective immediately. Mr. Tod McGrouther has over 35 years' experience in the Australian capital markets primarily in the areas of equity capital markets and corporate advisory. Since 2018 Mr. McGrouther has been a Director of European Cannabis Corporation Limited. Mr. McGrouther is currently a Non-Executive Director of NSX Limited, Urbanise Limited and Love Group Limited. Mr. McGrouther is also Chairman of The National Stock Exchange of Australia Limited a subsidiary of NSX Limited. Ms. Krista Bates will step down as interim Chairperson, remaining on the Board as a Non-Executive Director. Furthermore, Dr. Kate Adams and Mr. Geoff Starr have resigned from their positions as Non- Executive Directors of the Company.