CBD/Hemp

Canopy Growth Promotes 2 to Executive Team

Cannabis company also creates 4 new strategic roles
Canopy Growth 

SMITH FALLS, Ontario —Canopy Growth Corp., a cannabis, hemp and cannabis device company, made two appointments to its executive management team and created four new strategic roles.

The company promoted Judy Hong to chief financial officer. She worked for more than 20 years at Goldman Sachs before joining Canopy in 2019 as the vice president of investor relations. Hong’s knowledge of the consumer packaged goods sector has helped shape Canopy’s engagement with the financial community, the company said.

It promoted Jonathan Di Tosto to chief operations officer. He takes the place of Andrew MacCorquodale, who is transitioning into a strategic advisory role. Di Tosto joined the company in May 2021 as vice president of supply chain, where he has focused on optimizing Canopy’s global supply chain organization. Prior to that, he spent 16 years with George Weston Ltd. and at Planning and Logistics, where he was responsible for the end-to-end supply chain strategy, process and execution through Canada and the United States.

As Canopy enters fiscal year 2023 in April, it is focusing on its strategic priorities, which include expanding its premium flower portfolio, scaling its global brands like BioSteel and Storz and continuing to develop Canopy’s U.S. THC ecosystem pre- and post-permissibility, the company said.

To support these strategies, Canopy created four new roles within its senior leadership team. These roles will be led by executives who previously held leadership roles at Constellation Brands, according to the company, although it did not name the new hires.

"These roles were developed to leverage Constellation's well-established understanding of the U.S. market, established commercial relationships and extensive operational capabilities," Canopy CEO David Klein said. "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."

Constellation Brands, a Chicago-based beer company, owns about a 39% share of Canopy Growth.

Canopy Growth, Smith Falls, Ontario, is a diversified cannabis and cannabinoid-based consumer product company. It offers product varieties in dried flower, oil, softgel capsule, infused beverage, edible and topical formats, as well as vaporizer devices.

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