Canopy Growth To Hire New CEO By Year’s End

Canopy Growth Corp. (T.WEED), Canada’s largest cannabis producer, says will have a new chief executive officer in place by year’s end.

John Bell, Canopy Growth’s Chairman, says that a "robust" search for the new CEO is underway with a number of "well-seasoned" candidates being considered. Bell's comments came at the cannabis company's annual shareholder meeting held Toronto, the first to be held since its co-founder Bruce Linton was terminated from his role as co-CEO in July.

The current interim chief executive, Mark Zekulin, who had previously been co-CEO alongside Linton, has said he would stay on until a suitable replacement is found. Zekulin told shareholders at the meeting that it was his choice to leave, and it was a “natural progression” for new leadership to drive things forward.

Meanwhile, Linton on Tuesday announced his next moves, which include advisory roles in three companies including U.S.-based dispensary company Gage Cannabis Co. and Australia-based Mind Medicine Inc., which is focused on psychedelic-assisted medicines.