Canopy Growth CEO David Klein to Retire

Canopy Growth Corporation announced the retirement of CEO David Klein, effective March 31, 2025, at the end of the current fiscal year. Klein, who has been with the company since 2020, will continue to serve until a successor is appointed, as the board initiates a search for a new leader. Under Klein's leadership, Canopy Growth has shifted to an asset-light model and made strides in the international cannabis market, despite experiencing a 13% drop in total revenue recently. The company reported a 67% increase in gross profit year-over-year, signaling some financial improvements. However, Canopy also faces challenges, including significant net losses and past concerns about its ability to continue operations. The search for a new CEO is seen as crucial for the company's future growth trajectory.