Cannabis producer Canopy Growth Corp said on Thursday it appointed top sharehold...
Klein will take over, effective immediately, from interim chairman John Bell, who will continue as a director on the board.
In July, Canopy fired its co-founder, co-Chief Executive Officer and Chairman Bruce Linton after Constellation expressed disappointment over the company’s financial performance.Klein has served as a director on Canopy Growth’s board since 2018. Constellation Brands has invested over $4 billion in Canopy, making it one of the first major alcohol producers looking to cash in on the proposed legalization of recreational weed in several countries.
However, the pot producer had warned in August that it would need another three to five years to turn profitable.
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