Deals
Constellation Exec Named Canopy CEO as Takeover Odds Grow
- David Klein will take cannabis company’s reins on Jan. 14
- Analyst sees more than two-thirds odds of Constellation bid
Smith Falls, Ontario-based Canopy Growth is the world’s largest pot company by market value.
Photographer: Chris Roussakis/BloombergThis article is for subscribers only.
Canopy Growth Corp., the world’s most valuable cannabis company, has appointed Constellation Brands Inc.’s finance head as its chief executive officer, raising the odds that the alcohol giant will buy Canopy outright.
David Klein, currently chief financial officer of Constellation and chair of Canopy’s board of directors, will become the pot company’s CEO effective Jan. 14, Canopy announced Monday. Constellation owns approximately 35% of Canopy.