Constellation executive David Klein named new CEO of Canopy Growth

09 Décembre, 2019, 19:48 | Auteur: Auguste Feret
  • Canopy Growth's Cannabis 2.0 Products Will Hit Shelves In Canada Month

Constellation Brands Inc finance head David Klein will take over in January as chief executive officer of pot producer Canopy Growth Corp, hardening up the Corona beer maker's control of a company into which it has sunk $4 billion.

Klein previously held a number of senior leadership roles at Constellation Brands, and is now executive vice president and chief financial officer at the Corona beer-maker.

Klein will take over from interim CEO and co-founder Mark Zekulin, who will be stepping down from his position effective December 20, according to a statement put out by the company early Monday morning.

"Canopy Growth sits at the forefront of one of the most exciting new market opportunities in our lifetime", Klein said in a release Monday. "Thanks to the efforts of Mark and the entire team at Canopy Growth, no company is better positioned to win in the emerging cannabis market".

Linton had said that he was sacked from the top job, days after Constellation expressed its disappointment over Canopy's 2018 results.

WFSB News Anchor Denise D'Ascenzo Dies
Murrow awards, seven Associated Press awards and a national Gabriel Award. She won 11 Emmy awards in her career, along with two Edward R.

Camila Cabello Feels Lonely & Wants Boyfriend Shawn Mendes Back To Perform Senorita
Meanwhile, Camila previously admitted she didn't want to call her boyfriend Shawn "baby" straight away. It was this awkward thing where we both liked each other, but we weren't together.

Mizzou hiring Appalachian State's Eli Drinkwitz
Prior to Appalachian State, Drinkwitz was an offensive coordinator for North Carolina State and Boise State. The University of Missouri is finalizing a deal to hire Eli Drinkwitz as its new head football coach.

Zekulin is expected to step down as CEO and resign his seat on the board of directors of Canopy effective December 20.

"It has been an incredible six years at Canopy Growth, and I have witnessed the team and Company grow from five people in an abandoned chocolate factory, to thousands of people across five continents", said Zekulin in the statement. "It has truly been an honour to be part of building a unique, Canadian success story like Canopy, and I look forward to seeing the Company continue to evolve and grow under David's leadership".

Canopy shares gained $3.33 or 13.5 per cent at $28.05 in late morning trading on the Toronto Stock Exchange.

Jeff Lagerquist is a senior reporter at Yahoo Finance Canada.



Indonesia arrests 5 suspected poachers of pregnant tigers
The heart-tugging cries of an orphaned rhino or a tiger cub that lost its mother are quite common in these regions. Sumatran tigers are critically endangered, with fewer than 400 believed to be left within the wild.

FT: Beijing orders state offices to replace foreign PCs and software
The move is part of a broader effort to decrease China's reliance on foreign technologies and boost its domestic industry. The employees asked to remain anonymous as the information was politically sensitive.

Les vendeurs étrangers coupables d'une fraude "massive" à la TVA — E-commerce
Grâce à cette directive, les plateformes comme Amazon deviendront redevables de la TVA pour leurs vendeurs en ligne. Ce sera le cas en particulier pour les transactions des fournisseurs établis hors de l'UE.

Hoosiers off to Jacksonville, land in Gator Bowl vs Tennessee
The teams have played 36 times and IN holds an 18-17-1 advantage, but they haven't played since 2005. The Music City Bowl will be played on December 30 at 4 the Nissan Stadium in Nashville.

Man caught on video dumping woman out of wheelchair before stealing it
He then roughly dumps the woman out of the chair before pushing it off the train as the other passengers give chase. Good Samaritans were able to intervene after seeing what happened and stopped him from taking the wheelchair.

Maldives Bundled Out for 8 as Nepal Register 10-wicket Win
Openers Kajal Shrestha and Roma Thapa scored two and five runs respectively whereas two runs came off wide deliveries. Nepal chased down the total in seven deliveries to complete an emphatic ten-wicket victory.

Trump calls Trudeau "two-faced" after video of candid chat goes viral
The footage was shot by the British host's camera pool on Tuesday evening and spotted and subtitled by Canadian broadcaster CBC . Trudeau was scheduled to return to Canada on Wednesday night in time for the opening of the new Parliament on Thursday.

Air strikes kill 12 civilians in northwest Syria: monitor
In another attack, nine civilians including three children were found dead in a nearby village of Balyun. Rescuers carried away the body of a victim wrapped in a blanket on a stretcher.

Citizenship (Amendment) Bill tabled in Lok Sabha for passage
He added that the Congress "divided" the country on the basis of religion that is why it was necessary to bring the bill. A copy of the Bill was circulated to all parliamentarians last week, after the Cabinet gave a go-ahead on December 4.

Body Of Japanese Doctor Who 'Dedicated Life To Afghans' Arrives In Tokyo
The Islamic State affiliate also operates in the area but until now no one has taken responsibility for the killings. The Taliban have denied any connection to the slaying.