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Canopy Growth makes leadership changes, creates new roles

Cannabis, hemp, and cannabis device manufacturer Canopy Growth Corp. has made a series of leadership changes.

The Smiths Falls, Ont.-based company has appointed Judy Hong and Jonathan Di Tosto to its executive management team, and also created four new strategic roles within its senior leadership team.

Effective immediately, Hong – who joined the company in 2019 as vice president of investor relations – has been named as chief financial officer; and Di Tosto is the new chief operations officer, replacing Andrew MacCorquodale, who is moving into an advisory role at the company.

“As Canopy evolves, so does our leadership team and I’m pleased to welcome both Judy and Jonathan, who have demonstrated their capabilities as leaders to drive our business forward,” Canopy CEO David Klein said in a news release. “As we enter our new fiscal year and continue our focus on accelerating growth and advancing on our path to profitability, I feel strongly that we have the right team and strategy to realize our important ambitions for the benefit of our customers, team members, and shareholders.”

And in a move to expand its footprint in the U.S., Canopy has also created four new strategic roles within the senior leadership team, to be led by executives who previously held leadership roles at Constellation Brands, which has been an investor in Canopy since 2018. “These roles were developed to leverage Constellation’s well-established understanding of the U.S. market, established commercial relationships, and extensive operational capabilities,” Klein said. “Accessing Constellation’s world-class in-market expertise will allow Canopy to strengthen our competitive positioning as we continue to build a foundation for long-term success in the U.S. market.”