Canopy Growth announces leadership changes and creation of new roles
by CM Staff
To support the continued advancement of Canopy's U.S. strategy, the Company has created four new strategic roles within the Senior Leadership Team.
SMITHS FALLS — Canopy Growth Corporation, a cannabis, hemp, and cannabis device manufacturer, announces the appointment of Judy Hong and Jonathan Di Tosto to its Executive Management Team, along with the creation of four new strategic roles within its Senior Leadership Team.
Effective immediately, Judy Hong has been appointed as the Company’s Chief Financial Officer. With a financial and capital markets background built through experience at Goldman Sachs & Co., Judy joined Canopy in 2019 as the Vice President of Investor Relations.
The Company also welcomes Jonathan Di Tosto to the Executive Management Team as the Company’s new Chief Operations Officer (COO). Jonathan assumes the role of COO from Andrew MacCorquodale, who is building upon his five years of dedication to Canopy by transitioning into a strategic advisory role. Jonathan joined Canopy in May 2021 as Vice President, Supply Chain, where he has focused on optimizing Canopy’s global supply chain organization.
“As Canopy evolves, so does our leadership team and I’m pleased to welcome both Judy and Jonathan who have demonstrated their capabilities as leaders to drive our business forward,” said David Klein, CEO, Canopy. “As we enter our new fiscal year and continue our focus on accelerating growth and advancing on our path to profitability, I feel strongly that we have the right team and strategy to realize our important ambitions for the benefit of our customers, team members, and shareholders.”
The new executive leaders join the Company at a pivotal time, as Canopy enters Fiscal Year ’23 on Friday, April 1st with a focus on discipline and execution against its strategic priorities, including further expanding Canopy’s premium flower portfolio and growing overall premium share in Canada, scaling the Company’s high-impact global brands like BioSteel and Storz and Bickel, and continuing to develop Canopy’s U.S. THC ecosystem pre- and post-permissibility.
To support the continued advancement of Canopy’s U.S. strategy, the Company has created four new strategic roles within the Senior Leadership Team. These roles will be led by executives who previously held leadership roles at Constellation Brands.
“These roles were developed to leverage Constellation’s well-established understanding of the U.S. market, established commercial relationships, and extensive operational capabilities,” said Klein. “Accessing Constellation’s world-class in-market expertise will allow Canopy to strengthen our competitive positioning as we continue to build a foundation for long-term success in the U.S. market.”
