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CONSTELLATION CFO BECOMES CANOPY CHIEF EXECUTIVE

David Klein, CFO of Constellation Brands and a three-time winner of Institutional Investor‘s “Best CFO” award, was appointed CEO of Canopy, taking over from the last remaining co-founder, acting CEO Mark Zekulin, who was installed after co-founder and CEO Bruce Linton was fired in the summer.
MJBiz Daily

MJ Biz‘s Matt Lamers noted Klein said on October 16, “We think Canopy is probably the single biggest value event creation within CPG [consumer packaged goods] in our lifetimes.”
Twitter—Matt Lamers

  • At another point, Lamers noted, Klein said, “We have to pick through those capability sets [Bruce Linton developed for Canopy] and line up the biggest profit pools with the highest probability of success and focus in those areas.”
    Twitter—Matt Lamers

Quick Hits

  1. After its share price fell below $1, CannTrust received notice from the New York Stock Exchange it was no longer in compliance.
    Stockwatch
  2. Firefighters put out a small fire at Organigram’s Moncton processing facility. No one was hurt and no product damaged.
    CTV News