03:40:49 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,014,099,913
Close 2019-07-03 C$ 10.00
Market Cap C$ 10,140,999,130
Recent Sedar Documents

Globe says Canopy, others now being run out of U.S.

2019-07-04 07:19 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Thursday, July 4, edition that with Bruce Linton's firing, the biggest companies in Canadian cannabis are run out of New York and the state of Washington. The Globe's Andrew Willis writes that an industry that this country seemed destined to lead when the federal Liberals legalized recreational cannabis last October is increasingly dominated by foreigners. The opportunity to create global cannabis champions, based in Canada, appears to be vanishing. Mr. Willis says there should be a conversation around that issue, in political and business circles, before the biggest head offices all disappear. Mr. Linton lost his job because his visionary approach for Canopy Growth did not fit with the predictable, quarter-by-quarter profits demanded by Constellation Brands chief executive officer Bill Newlands, a Harvard Business School grad. Constellation dropped $5-billion last August to gain effective control of Canopy. Tilray is run by Seattle-based CEO Brendan Kennedy. Cronos Group is headed by New York-based Mike Gorenstein. The interim CEO at Aphria is Irwin Simon, another New Yorker, although he was born in Glace Bay, N.S. Aurora Cannabis and Hexo however, have homegrown CEOs.

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