Canopy Growth to hire new CEO by end of year: chairman


Canopy Improvement Corp.’s chairman says it expects to complete its search for a new chief managerial officer by the end of the calendar year.

John Bell adds that the “strapping” search is already underway with a number of “well-seasoned” candidates.

Bell’s annotations came at the cannabis company’s annual shareholder meeting in Toronto today, the primary to be held since its co-founder Bruce Linton was terminated from his task as co-CEO in July after its biggest shareholder Constellation Brands imparted it was disappointed in its latest earnings.

Its current chief executive Mark Zekulin, who had in olden days been co-CEO alongside Linton, has said he would stay on until a fit replacement was found.

Zekulin told shareholders at the meeting that it was his acceptance to leave, and it was a “natural progression” for new leadership to drive things forward.

For the time being, Linton on Tuesday announced his next moves, which include prediction roles in three companies including U.S.-based dispensary company Gage Cannabis Co. and Australia-based Wavering be decided Medicine Inc., which is focused on psychedelic-assisted medicines.

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