Canopy CEO David Klein received more than twice as much salaried annual pay ($1.3M) as his predecessor, interim-CEO Mark Zekulin, and more than three times the $318,000 paid to ousted co-founder and co-CEO Bruce Linton.
MJ Biz Daily
- Klein also received an “inducement grant” of $20M worth of options. MJ Biz reporter Matt Lamers noted Klein was already an executive at Canopy’s largest shareholder, Constellation Brands.
- Two others executives received “large salary increases” retroactively effective to last July.
- Canopy’s REC retail chain Tokyo Smoke began accepting payment for delivery and curb-side pickup in Ontario through Dutchie, which accepts credit cards.
Tokyo Smoke announced its newest Toronto store would offer a permanent exhibition of art by “Banksy, the British street artist, known for his mystery, subversive subject matter, and civil disobedience.”