David Klein , CEO to retire at the end of the Company's fiscal year Board of Directors expresses continued confidence in the Company's strategic direction and leadership team A comprehensive CEO selection process has been initiated to identify a successor This news release constitutes a "designated news release" for the purposes of Canopy Growth's prospectus supplement dated June 6, 2024 to its short form base shelf prospectus dated June 5, 2024 . SMITHS FALLS, ON , Aug. 16, 2024 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or the "Company") (TSX: WEED) (NASDAQ: CGC ), a world-leading cannabis company dedicated to unleashing the power of cannabis to improve lives, announced today that Mr.
David Klein , CEO, Canopy Growth, will be retiring at the conclusion of the Company's current fiscal year ending March 31, 2025 . Until this date or such time that a successor is named, Mr. Klein will continue in his role as CEO and as a member of the Company's Board of Directors (the "Board") to advance Canopy Growth's strategic objectives including profitability and ensure an effective transition.
The Board is in the process of securing a globally recognized search firm to initiate a comprehensive CEO selection process focused on identifying a candidate with the right mix of skills, experience, and expertise to lead the Company in its next chapter of growth. Since joining Canopy Growth as CEO in January of 2020, Mr. Klein successfully led the transformation and development of .