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Canopy Growth Could Spin Off Properties Into REIT, CEO Says

  • Other options include issuing a bond, mortgaging properties
  • ‘I’d like to use that money to build in five more countries’
Bruce Linton, Canopy Growth Corp.’s chief executive officer.

Bruce Linton, Canopy Growth Corp.’s chief executive officer.

Photographer: Chris Roussakis/Bloomberg

Canopy Growth Corp. is considering multiple ways to leverage its assets, including issuing bonds, mortgaging its properties or even spinning them off into a real estate investment trust, according to the pot company’s chief executive officer.

“I do not wish to continue to be complemented on the extraordinarily clean balance sheet I have,” Bruce Linton said in a phone interview Friday. “It is not an efficient use of assets.”