3 Things Canopy Growth's New CEO Must Address
Though it's debatable, the biggest surprise this year in the cannabis industry wasn't the recent deflating of pot stock valuations. Rather, it was the firing of longtime marijuana visionary Bruce Linton as co-CEO of Canopy Growth (NYSE: CGC) in early July.
It'd be pretty fair to say that Canopy Growth, the largest marijuana stock in the world by market cap, wouldn't be where it is today without Linton. He was the leader who helped arrange Constellation Brands' (NYSE: STZ) $4 billion equity investment into the company, which closed last November. Linton also oversaw the licensing of more than 5 million square feet of cultivation, as well as positioned Canopy for domestic and international growth with multiple acquisitions, including hemp and cannabis intellectual-property company ebbu and well-known vaping-device maker Storz & Bickel.
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Source Fool.com
