Canopy Expansion Announces Variations to Executive Administration Workforce

Modifications are developed to push execution versus the Firm’s strategic priorities

SMITHS FALLS, ON, Nov. 19, 2021 /CNW/ – Cover Expansion Company (“Cover Growth” or “the Firm“) (TSX: WEED) (NASDAQ: CGC), a globe-main diversified hashish, hemp, and cannabis unit enterprise, these days introduced strategic variations to its Government Administration Committee. Effective quickly, Mike Lee, Executive Vice President and Chief Economical Officer, and Rade Kovacevic, President and Chief Item Officer will be stepping down from their respective roles on the Govt Management Committee and will depart from the firm on December 31, 2021. In the interim, they will provide in an advisory capacity to guidance changeover.

“These decisions reflect Management and the Board’s eyesight for building a ideal-in-course corporation that is effectively-positioned to produce long-term advancement and shareholder worth,” claimed David Klein, CEO, Cover Development. “We take pleasure in Mike and Rade’s contributions to advancing Canopy Growth to our position as a hashish marketplace chief.”

The Organization has initiated an external look for for both roles and to aid a seamless transition has named Judy Hong as interim Main Fiscal Officer and Tara Rozalowsky as interim Chief Solution Officer. In addition to serving as associates of the company’s Executive Administration Committee, both equally will report instantly to CEO David Klein efficient right away.

“Judy and Tara are proven leaders who have played pivotal roles through their tenure at Cover Advancement. I am self-assured in their means to execute against our strategic priorities as we speed up our path to profitability,” included David Klein, CEO.  

About Judy Hong – Interim Chief Financial Officer:
Since signing up for Canopy Progress in 2019 as the Vice President, Investor Relations & Aggressive Intelligence, Judy has strengthened Canopy’s funds industry existence by leveraging her substantial experience from Goldman Sachs & Co., exactly where she put in additional than 20 several years centered on the purchaser-packaged items sector, and notably held the purpose of Running Director of the Global Investment Investigate Division. In addition to major Canopy’s Trader Relations group, Judy also serves as Chief of Staff members to the CEO and is a member of the Executive Administration Committee.

About Tara Rozalowsky – Interim Chief Merchandise Officer:
A seasoned internet marketing and revenue government, Tara has held management positions with iconic international CPG providers which includes S.C. Johnson, and most a short while ago, ConAgra. At Canopy, she has held the position of Vice President, Beverage and Edibles and has successfully released a portfolio of award-profitable products and solutions and brands, together with Martha Stewart CBD, and Quatreau, Cover Growth’s very first CBD-infused beverage line.

About Canopy Growth Corporation
Canopy Development (TSX:WEED, NASDAQ:CGC) is a globe-primary diversified cannabis and cannabinoid-based mostly buyer solution organization, pushed by a passion to make improvements to lives, conclude prohibition, and bolster communities by unleashing the whole potential of hashish. Leveraging shopper insights and innovation, we give solution kinds in superior-quality dried flower, oil, softgel capsule, infused beverage, edible, and topical formats, as well as vaporizer gadgets by Canopy Development and industry-chief Storz & Bickel. Our world-wide clinical manufacturer, Spectrum Therapeutics, sells a selection of comprehensive-spectrum products working with its color-coded classification program and is a market chief in both equally Canada and Germany. Through our award-successful Tweed and Tokyo Smoke banners, we achieve our grownup-use buyers and have designed a loyal adhering to by focusing on top rated quality solutions and meaningful shopper associations. Canopy Progress has entered into the health and wellness buyer house in crucial markets such as Canada, the United States, and Europe through BioSteel sports activities diet, and This Performs pores and skin and slumber answers and has launched more hemp-derived CBD goods to the United States by our 1st & No cost and Martha Stewart CBD brand names. Cover Development has an set up partnership with Fortune 500 alcohol leader Constellation Models. For a lot more information and facts take a look at www.canopygrowth.com.

See Regarding Forward-Hunting Info
This push launch incorporates “ahead-wanting statements” and “forward-seeking details” within just the meaning of relevant U.S. and Canadian securities rules (collectively, “ahead-seeking statements”), which contain particular identified and unfamiliar challenges and uncertainties. Forward-looking statements forecast or explain our potential operations, business enterprise ideas, business and financial investment techniques and the performance of our investments. These ahead-hunting statements are usually determined by their use of this sort of conditions and phrases as “intend,” “objective,” “strategy,” “estimate,” “assume,” “challenge,” “projections,” “forecasts,” “designs,” “seeks,” “anticipates,” “potential,” “proposed,” “will,” “must,” “could,” “would,” “might,” “very likely,” “built to,” “foreseeable potential,” “believe that,” “scheduled” and other very similar expressions. You are cautioned not to place undue reliance on these ahead-looking statements, which communicate only as of the day the assertion was produced. Forward-on the lookout statements are essentially centered upon a range of estimates and assumptions that, even though viewed as realistic by management, are inherently issue to sizeable organization, financial and competitive challenges, financial benefits, results, functionality or achievements expressed or implied by these ahead-hunting statements and the ahead-looking statements are not guarantees of long run efficiency. Accordingly, there are or will be essential components that could bring about precise outcomes or outcomes to differ materially from all those indicated in these statements. A discussion of some of the substance factors applicable to Canopy Growth Company (“Canopy”) can be located beneath the section entitled “Possibility Elements” in Canopy’s Yearly Report on Type 10-K for the year finished March 31, 2021, submitted with the Securities and Exchange Fee and with relevant Canadian securities regulators, as such components may possibly be even more current from time to time in its periodic filings with the Securities and Trade Fee and with relevant Canadian securities regulators, which can be accessed at www.sec.gov/edgar and www.sedar.com, respectively. These variables ought to not be construed as exhaustive and need to be go through in conjunction with the other cautionary statements that are bundled in this push release and in the filings. Any ahead-searching statement incorporated in this push release is produced as of the day of this push release and, other than as necessary by law, Cover disclaims any obligation to update or revise any forward- searching assertion. Readers are cautioned not to set undue reliance on any ahead-seeking assertion. Ahead-on the lookout statements contained in this push release are expressly competent by this cautionary statement.

Source Canopy Progress Company

For further facts: Media Contact: Nik Schwenker, [email protected] Trader Get hold of: Tyler Burns, Director, Investor Relations, [email protected]

Connected One-way links

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