Canopy Growth names Luc Mongeau as new CEO; shares down

Canopy Growth

26/11/2024 16:38

** Shares of Canadian pot firm Canopy Growth  WEED.TO  fall
3.8% to C$5.59
    ** Co names Luc Mongeau as its next chief executive officer,
effective Jan. 6
    ** Luc Mongeau will succeed David Klein, who had announced
his retirement in August
    ** Mongeau had joined the co's board as an observer in early
2023 and as a member in Feb. 2024, the company said
    ** Including session's moves, stock down 17.3% YTD

 (Reporting by Pooja Menon in Bengaluru)
 ((Pooja.Menon@thomsonreuters.com))