Canopy Growth Corporation has announced that CEO David Klein will retire at the end of the fiscal year on March 31, 2025. Klein will continue as CEO and Board member until a new leader is appointed.
The company is working with a global search firm to find a successor with the right experience to lead Canopy Growth’s next phase.
Under Klein’s leadership since January 2020, Canopy Growth transformed into an asset-light model and expanded into international markets, including the U.S. with Canopy USA.
The company recently reported strong Q1 results, showing a 67% increase in gross profit and a consolidated gross margin of 35%.
Klein praised his team and shareholders for their support and remains focused on guiding the company towards profitability and a smooth transition.
