UPDATE: Canopy Growth ex-CEO Bruce Linton to become executive chairman of Vireo Health, stock soars

Published: Nov 7, 2019 11:04 a.m. ET

Print icon


Corporate news editor

Bruce Linton, the former co-chief executive and founder of Canadian cannabis company Canopy Growth Corp. CGC, +5.45% WEED, +6.60%, has been named executive chairman of Vireo Health International Inc. VREOF, +1.63% VREO, +3.80%, a doctor-led multi-state cannabis company based in Minneapolis. Linton will join the company's board, will work closely with a Vireo CEO and Founder Kyle Kingsley and lead the company's capital markets activity and partnerships and shape its strategy. Linton will be compensated in the form of incentive warrants, to be paid in three tranches, according to Vireo. The company's U.S. listed stock was last up 27% on the news, but has fallen 36% in the last three months, while the ETFMG Alternative Harvest ETF MJ, +1.90% has fallen 32% and the S&P 500 SPX, -0.27% has gained 23%.