Under his new role with Vireo, Linton will “spearhead the company’s strategic decision-making, capital markets activity and future partnerships,” Vireo said in a statement.
In landing Linton, Vireo will be able to tap the knowledge of a high-profile executive who was a trailblazer in the Canadian legal industry’s early expansion. Under Linton’s watch, Canopy struck a $4 billion investment deal from beer-and-wine distributor Constellation Brands(STZ). He also helped orchestrate the cross-border deal to buy cannabis company Acreage Holdings in the U.S.
However, steep losses piled up for Canopy with Linton at the helm as the company planted itself in new markets. Sales began to disappoint investors. Canopy’s board dismissed Linton this summer. Higher-ups from Constellation Brands, which had expressed some of that disappointment, control Canopy’s board.
“We are confident Vireo can become a top U.S. producer and distributor of high-margin, proprietary products within the next several years and create unprecedented long-term shareholder value,” Linton said in a statement on Thursday.
In September, Linton said he would become the executive chairman of Gage Cannabis, a company based in Michigan. He also revealed then that he was an activist investor in Slang, a company that oversees a variety of cannabis brands in stores across 12 U.S. states. [Read More @ Investor’s Business Daily]
About The Author:
Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]
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