Canopy CEO Linton Ousted as Board Decides His ‘Turn is Over’

Linton is leaving at pivotal time for biggest marijuana firm
Search for new leader will include external candidates

Linton Says Everyone Should Want Canopy CEO Job...Admits He's Not Always Right

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By Craig Giammona and Kristine Owram

July 3, 2019 at 11:14 AM UTC

Updated on

July 3, 2019 at 3:03 PM UTC

This article is for subscribers only.

Bruce Linton, who founded Canopy Growth Corp. in an abandoned chocolate factory and turned it into the world’s biggest cannabis firm, has been ousted as chief executive officer effective immediately.

“The board decided today, and I agreed, my turn is over,” Linton, 52, said in a statement on Wednesday. Linton told CNBC he was fired. The company didn’t give a reason for his ouster, adding that co-CEO Mark Zekulin will take over as Canopy begins a search for a new leader.