#brucelinton

[presssorg]

High-profile Canopy Growth co-CEO Bruce Linton steps down

‘My turn is over’: High-profile Canopy Growth co-CEO Bruce Linton steps down Bruce Linton, the high-profile face of Canada’s marijuana giant Canopy Growth Corporation, announced Wednesday that he is stepping down as co-CEO and board member, effective immediately. “Creating Canopy Growth began with an abandoned chocolate factory and a vision,” Linton said in a statement Wednesday. “The Board decided today, and I agreed, my turn is over.” Canopy, the world’s largest publicly traded cannabis company by market value, said Mark Zekulin will become the sole CEO of the company and will work with the board to begin a search to identify a new leader. Rade Kovacevic, who currently leads the company’s Canadian operations and recreational strategy, will take over the role of president from Zekulin. Canopy Growth’s U.S.-listed shares were down 1.4% premarket. With files from Reuters   Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario. Tweed was founded by Bruce Linton and Chuck Rifici in 2013, and renamed Canopy Growth Corporation in 2015. Wikipedia Stock price: WEED (TSE) $50.39 -2.10 (-4.00%) Jul. 3, 9:44 a.m. EDT - Disclaimer CEO: Bruce Linton (2014–) Headquarters: Smiths Falls Revenue: 40 million CAD (2017) Subsidiaries: Tokyo Smoke, This Works Products Limited, MORE  

Canopy Growth Announces Leadership Transition 

Logo: Canopy Growth Corporation (CNW Group/Canopy Growth Corporation) Bruce Linton to step down as co-CEO and Canopy Board member Mark Zekulin remains CEO Company Launches Search to Identify Leader to Guide Next Phase of Growth TORONTO and SMITHS FALLS, ON, July 3, 2019 /CNW/ - Today, Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NYSE: CGC) and Bruce Linton announced that Bruce will step down as co-CEO and Canopy Board member. Mark Zekulin has agreed to become the sole CEO of the company and will work with the Board to begin a search to identify a new leader to guide the company in its next phase of growth, which will include both internal and external candidates. Rade Kovacevic, a long-serving member of the team currently leading all Canadian operations and recreational strategy will assume the role of President. These changes are effective immediately. "Creating Canopy Growth began with an abandoned chocolate factory and a vision," said Linton. "The Board decided today, and I agreed, my turn is over. Mark has been my partner since this Company began and has played an integral role in Canopy's success. While change is never easy, I have full confidence in the team at Canopy – from Mark and Rade's leadership to the full suite of leadership – as we progress through this transition and into the future." "We thank Bruce and Mark for establishing the foundation for a company that is very well-positioned to lead in the emerging global cannabis market," said Canopy Growth board director, David Klein. "We are also excited to embark upon our next phase of growth as global leader in the cannabis industry." Canopy Growth has experienced rapid growth since being founded in 2013, establishing leading positions in Canada'smedical and recreational cannabis markets and building an emerging presence in a number of additional markets around the world. The company recently received a $5 billion (CAD) investment from Constellation Brands, a leading beverage alcohol company, which provides a significant benefit as Canopy continues to establish a first-mover advantage in the quickly evolving global cannabis market. "While Canopy will never be the same without Bruce, the team and I look forward to continuing to do what we have done for the past 6 years: investing in world class people, infrastructure and brands, and always seeking to lead through credibility and vision," said Zekulin. "I personally remain committed to a successful transition over the coming year as we begin a process to identify new leadership that will drive our collective vision forward. I know the company will continue to thrive as the Canopy story continues on for years to come." The Board has also appointed John Bell as its Board Chair, to be reviewed at the Board's annual meeting in September when new board members are elected. Bell has served on the board as lead director for 5 years. About Canopy Growth CorporationCanopy Growth (TSX:WEED, NYSE:CGC) is a world-leading diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms, as well as medical devices through Canopy Growth's subsidiary, Storz & Bickel GMbH & Co. KG. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time. Canopy Growth has operations in over a dozen countries across five continents. Canopy Growth's medical division, Spectrum Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and has devoted millions of dollars toward cutting edge, commercializable research and IP development. Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as single cannabinoid Dronabinol under the brand Bionorica Ethics. Canopy Growth operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large and loyal following by focusing on quality products and meaningful customer relationships. From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our continued international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, and Fortune 500 alcohol leader Constellation Brands, to name but a few. Canopy Growth owns 12 licensed cannabis production sites with millions of square feet of production capacity, including more than one million square feet of GMP certified production space. For more information visit www.canopygrowth.com Notice Regarding Forward Looking StatementsThis news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canopy Growth or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. Examples of such statements include statements with respect to national and international operations and expansion. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including the Company's executive transitions and departures, and such risks contained in the Company's annual information form dated June 24, 2019 and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and the Company does not undertake an obligation to publicly update such forward-looking information or forward-looking information to reflect new information, subsequent events or otherwise unless required by applicable securities laws. SOURCE Canopy Growth Corporation Published at Wed, 03 Jul 2019 11:29:19 +0000 Read the full article

[cannachiefsmedia-blog]

#2 Bruce Linton, Founder & Co-CEO at Canopy Growth

Corporate Bio

Mr. Linton is the founder of Canopy Growth Corporation (CGC) and co-founder of Tweed Marijuana Incorporated. Canopy Growth was the first cannabis producing company in North America to be listed on a major stock exchange (TSX, July 2016) and included on a major stock index (S&P/TSX Composite Index, March 2017). In May 2018 Canopy was also the first cannabis-producing company to list on another major stock exchange, the New York Stock Exchange. Bruce’s experience as a founder, CEO, and Board member across a wide variety of enterprises has influenced the positive start of Canopy Growth, which to date has enjoyed market support for capital raises of over $6 billion including a $5 billion investment by Fortune 500 beverage company, Constellation Brands (NYSE:STZ).

Bruce’s focus has been driving the Company’s overall strategy including its Canadian and international expansion efforts as well as laying the groundwork for the Company’s future move into cannabis-based consumer products including cannabis-based medicines, with the founding of subsidiary Canopy Health Innovations, and into cannabis-based beverages, through a strategic partnership with Constellation Brands. After beginning his career at Newbridge Networks Corporation, he has since held positions that include General Manager and Re-Founder of Computerland.ca, President and Co-Founder of webHancer Corp, and part of the establishing team at CrossKeys Systems Corporation. He was also part of the leadership team for the NASDAQ/TSX initial public offering at CrossKeys. He is the past Chairman of the Ottawa Community Loan Foundation past Board Member and Treasurer of Canada World Youth, past Board of Governor for Carleton University, past President of the Nepean Skating Club, and past President of the Carleton University Students Association.

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[grizzlemedia-blog]

Psychedelics: Cures, Charlatans & MindMed (MMED)

The first episode of the Grizzle Psychedelics series examines the potential of psychedelics to treat addiction & depression and the recent MindMed (MMED) listing. #psychedelics #addiction Read the full article

[capital10x]

Interview: Bruce Linton Uses Value Lens to Back Vireo Health

Vireo Health (CSE: VREO) named Bruce Linton their new executive chairman. We spoke with Linton and Vireo's CEO to learn more about the addition. #marijuanastocks #potstocks  Read the full article

[beefent-blog]

#cannatech @tweedmainstreet #weed @tweedfarms @tweedinc #tweed #beefent. @brucelinton @canopygrowthinvestors #canopygrowth @_canopygrowthcorp_ @smart_cannabis_initiative @greencanopywholesalellc @canopygrowth420 @canopygrowth

[ihallandeinvesteringar]

Bruce Linton kliver av som sam-VD för Canopy Growth Corp

#cannabisaktier #nyheter #pressmeddelanden #cgc #canopygrowthcorp #brucelinton #kanada #sverige #aktier #pratapengar Bruce Lintons namn har blivit mer eller mindre förknippat med Canopy Growth Corp. Cannabisjätten i Kanada som siktar på att bli störst inom industrin. Strax kom ett pressmeddelande om att han kliver av rollen som sam-VD för bolaget.

Bruce Lintons namn har blivit mer eller mindre förknippat med Canopy Growth Corp. Cannabisjätten i Kanada som siktar på att bli störst inom industrin. Strax kom ett pressmeddelande om att han kliver av rollen som sam-VD för bolaget.

Det här var ingenting som jag hade väntat mig direkt men Bruce har tydligen fått kliva av Canopy Growth Corp. Beror det på den dåliga rapporten? Mark Zekulin kommer…

[licensedproducers]

Canopy Growth Takeover a Growing Possibility

New CEO David Klein Places Another Constellation Executive on Canopy Board – LPC

Canopy Growth announced on December 9, 2019 that it had appointed David Klein as its new CEO. Klein is currently the chief financial officer (CFO) of Constellation Brands Inc., which means he will be another voice on the board for the US company. The move led to speculation by some that Constellation is mounting a full Canopy Growth takeover. Pablo Zuanic, an analyst at Cantor Fitzgerald, said a Canopy Growth takeover by Constellation was a better than two-thirds probability. "On the argument of an improving outlook for the cannabis industry, we think (Constellation) could justify a deal," he wrote. Ex-co-CEO Bruce Linton seemed to agree. He said that he saw a case for Constellation breaking up the company down the road, keeping the cannabis beverages division. "What they may say is, 'We can actually buy the whole thing and about two years after we buy it, sell the medical division for more than we paid for the whole thing,"' he said. Linton was forced out in July 2019 after Canopy reported a loss of $670 million over the previous year. The Toronto Star speculated at the time that a change at the top of Constellation may have sparked a personality conflict. It may have also signalled a new direction for Constellation from allowing Canopy to focus on growth to a more risk-adverse approach. In retrospect, it’s possible that new CEO Bill Newlands envisioned a Canopy Growth takeover from the beginning. With a 38-per-cent stake in the company and four out of seven board members, it was perhaps inevitable.

What Would a Canopy Growth Takeover Mean? – LPC

US takeovers of Canadian companies are nothing new. This would be the first major takeover of a cannabis company. But shareholders definitely liked the new CEO with the stock jumping by 14 per cent on December 9. That’s a far cry from the 41 per cent it lost over the last 12 months. But it’s enough for analysts to speculate that perhaps the worst is over for Canopy Growth – and the industry as a whole. Canopy Growth takeover rumours would certainly fuel stock price surges as well. Many analysts have said cannabis company consolidation will come at some point. Although Constellation buying Canopy wouldn’t be a consolidation in that sense, it could trigger other moves in the market. With recent losses due to a still-strong cannabis black market and not enough legal storefronts, the industry is ready for change. It’s unfortunate that the world’s largest cannabis company would in effect leave Canadian hands. But ultimately, the recent Constellation move signals more stability in the cannabis industry. At the moment, that’s what it needs most of all. This editorial content from the LPC News Team provids analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at www.sfchronicle.com Read the full article

[licensedproducers]

Bruce Linton on the Future of Cannabis

Hint: It’s Not All About Cannabis – LPC

Bruce Linton sat down with the Stamford Advocate recently to talk about the future of cannabis, and his role in it. (Please see the link to the full article at the bottom.) It perhaps inadvertently gave a behind-the-scenes look at ex-Canopy Growth co-CEO’s philosophy – and why he eventually was fired. Ultimately, his departure came down to profits, he confirmed. “The right path for the company is probably to focus a bit sooner on profits and scale than I was ready to do. The result is, the board has a right to change things, and they did,” he said. “I was more interested in domination than earnings per share,” Linton said. “That combination of things isn’t always going to be in alignment with people in organizations that have a lot of big cash.” That echoes what Tilray CEO Brendan Kennedy said about his views on the future of cannabis.  Chasing profits over industry “domination” as he put it is counter-productive in some ways. Linton also gave some insights into why he and Canopy partnered with Martha Stewart to create hemp-derived CBD products for pets. “I like dogs. Our connection to the dog and our tears with the passing of the dog almost exceed family members. So I think there’s a massive economic opportunity. There hasn’t been a history of prescribing cannabis for dogs,” he said. However, CBD products need to be an “upside-down” model, he said. There is risk of a glut of CBD products, and reducing that exposure is important. “I really want hemp to be the driver and CBD to be the last ingredient. Because if there’s too much CBD in the market, I want all the other things to be a business. You should have no waste, and you should have dependable income.”

The Future of Cannabis is Diversification, at Least for Linton – LPC

The US legalized hemp last year, which may explain in part why for Linton, the future of cannabis is actually hemp. He talks about hemp-based straws as one example, though flip-flops are also possible. With his non-compete clause, he has to look for international opportunities. In this interview, he mentioned getting into a multi-state, primarily THC-driven company in the US. That sounds a lot like Gage Growth, which he joined earlier this year. Linton said that the future of cannabis for himself is diversification. Besides cannabis, hemp, and CBD products for pets, he said he wants to get into medical research internationally and an ancillary business, possibly media. This editorial content from the LPC News Team is meant to provide analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at www.stamfordadvocate.com Read the full article

[licensedproducers]

Gage Growth Launches in US Thanks to Familiar Face

Ex-Canopy CEO Bruce Linton Gives Gage Growth a Familiar Name, Too – LPC

Hamilton-based Gage is expanding in the US as Gage Growth under the leadership of a familiar face. Bruce Linton, ex-co-CEO of Canopy Growth, is now the executive chair of the US operations. The first of 13 Gage stores opened in Detroit, Mich. near its infamous 8-Mile Road. "I cannot express how excited I am to be joining the Gage team and family," said Linton in a Gage Growth press release. "I look forward to leveraging my relationship networks and experiences to play a significant role with Gage as they continue to accelerate their expansion throughout the state." Linton was fired from Canopy Growth in July 2019, though the company originally stated that Linton stepped down. It is widely believed that US partner Constellation Brands was not happy with Canopy Growth’s lack of profits. This clash of philosophies is not unusual. Around the same time, Tilray CEO Brendan Kennedy also said he wanted to put growth ahead of cannabis profits.

Where Does Gage Growth Get Its Cannabis? – LPC

Gage Growth has a long and winding history. It started in Hamilton, Ont. as the Gage Cannabis Co. brand of medical cannabis by Radical Cannabis. The name presumably comes from its location at Gage Avenue North and Beach Road in Hamilton. It’s a company that Linton would be familiar with as well. In 2017, Canopy Growth’s investment arm Canopy Rivers bought a 23.81 per cent stake in the company. Gage Growth’s US-based operations are completely separate from its Canadian counterpart. Formerly known as Wolverine Partners Corp. (doing business as Gage Cannabis Co.), the company changed its name to Gage Growth in September 2019. It announced the name change and the addition of Bruce Linton at the same time. It also announced the purchase of the US arm of Canopy Rivers called Rivers Innovation, Inc. Currently, Gage Growth in the US only sells medical cannabis at its 13 stores. Due to federal regulations on both sides of the border, it cannot import cannabis from Canada. The company stated it has three processing licences. It plans to expand into the recreational cannabis market in 2020. There is another Gage Cannabis Co. in Massachusetts that seems unrelated to the other two companies. This editorial content from the LPC News Team is meant to provide analysis, insight, and perspective on current news articles. To read the source article this commentary is based upon, please click on the link below. Click here to view full story at www.toronto.com Read the full article

[grizzlemedia-blog]

Vireo Health Taps Bruce Linton for Executive Chairman Position

The former Canopy Growth CEO will now work alongside the CEO of Vireo Health International, Inc. (CNSX: VREO; OTCQX: VREOF) for most company operations. #marijuanastocks #potstocks $VREO $VREOF Read the full article

[capital10x]

Former CEO of Canopy Growth Bruce Linton Talks Psychedelic IPO and Top Cannabis Plays

Evan Veryard interviews Bruce Linton, former CEO of Canopy Growth and discusses some of his current ventures including MindMed and Slang. Read the full article

[grizzlemedia-blog]

The Bruce Linton Effect Sends Martello Technologies Soaring

The stock price of Martello technologies (MTLO) rallied 175% after its co-chairman Bruce Linton was ousted from Canopy Growth (CGC, WEED). #cloudcomputing #technology Read the full article

[grizzlemedia-blog]

Marijuana Management: Who Can You Trust?

Investors need to take a hard look at who is running their favourite marijuana companies. Ultimately you're making a bet on the people who choose the direction of the business. In this report we rank the CEOs of the top 4 largest cannabis licensed producers on the 3 metrics we think are most important to shareholders: industry experience, integrity, and dedication. Read the full article