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Market News

Canopy Growth names Constellation Brands veteran as acting CFO

Shares of Canopy Growth Corporation (NYSE: CGC) gained over 2% on Tuesday after the cannabis giant announced the appointed of Mike Lee as its acting CFO, effective June 1, 2019. The appointment would be made permanent once a security clearance is received from Health Canada. Lee has been serving as the Executive Vice President, Finance […]

May 21, 2019 2 min read
Market News

Shares of Canopy Growth Corporation (NYSE: CGC) gained over 2% on Tuesday after the cannabis giant announced the appointed of Mike Lee as its acting CFO, effective June 1, 2019. The appointment would be made permanent once a security clearance is received from Health Canada. Lee has been serving as the Executive Vice President, Finance […]

· May 21, 2019

Shares of Canopy Growth Corporation (NYSE: CGC) gained over 2% on Tuesday after the cannabis giant announced the appointed of Mike Lee as its acting CFO, effective June 1, 2019. The appointment would be made permanent once a security clearance is received from Health Canada.

Lee has been serving as the Executive Vice President, Finance at Canopy Growth.

cannabis stocks aurora tilray canopy growth
Image by Rex Medlen from Pixabay

He comes to Canopy from Constellation Brands (NYSE: STZ), where he served as the CFO for its Wine & Spirits Division.  He has also previously worked at E. & J. Gallo Winery and PepsiCo (NASDAQ: PEP).

Cannabis Stocks- Performance Comparison

READ:
THE QUESTION EVERY POT INVESTOR ASKS HIMSELF – AURORA CANNABIS OR HEXO?

Current
CFO Tim Saunders will continue to serve the executive team and Board of
Directors of Canopy Growth as a strategic advisor in areas of mergers and
acquisitions, corporate financing, and business transformation.

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Canopy Growth Chairman Bruce Linton said, “As Tim transitions roles, I am also pleased to elevate Mike into the acting CFO role. His philosophy, accomplishments and all-around track record give me confidence that the Company’s financial health and governance are in good hands.”

The Smiths
Falls, Canada-based firm is next scheduled to report quarterly earnings next
week.

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