A co-founder of CDA Health and cousin of Cronos Australia director Dr Benjamin Jansen has filed his intention to seek the removal of chief executive Rodney Cocks and director Guy Headley from the board.

In a notice received by Cronos under the Corporations Act, Dr Matua Jansen, acting as trustee for the Whanau Family Trust which owns almost 10% of Cronos, will propose the resolution at the firm’s annual general meeting in November.

The resolution would require 50% of votes to pass.

In a statement to the ASX, Cronos said: “The trustee believes there should be complete separation of the board and the executive management. Pursuant to the notice, the trustee proposes resolutions to remove Rodney Cocks and Guy Headley as directors of the company.”

Along with Ben Jansen and Headley, Dr Matua Jansen co-founded CDA Health in 2018.

Cronos merged with CDA in December 2021, with Headley and Ben Jansen joining the board, and Cronos boss Cocks remaining as CEO of the combined group.

CDA’s portfolio includes wholly-owned subsidiary Burleigh Heads Cannabis, which operates pharmacy-to-doctor online portal CanView, CDA Clinics, and hemp-based food brand Healthy Not High.

Guy Headley

In a statement to Cannabiz, Cronos said: “The company strongly believes in our corporate governance and structure. We respect the rights of all shareholders, and the resolution will go to a vote at the AGM. We have no further comment at this stage.”

The company’s Notice of AGM is expected to be made available to shareholders in mid-to-late October, with the AGM scheduled for 10am on Thursday November 29.

Last month, Cronos became the first ASX-listed medicinal cannabis company to announce a shareholder dividend after reporting a profit after tax of A$6 million in 2022.

Steve has reported for a number of consumer and B2B titles over a journalism career spanning more than three decades. He is a regulator contributor to health journal, The Medical Republic, writing on...

Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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