Canopy Growth doubles CEO salary amid mass layoffs, mounting losses

  • Canopy Growth doubles CEO salary amid mass layoffs, mounting losses
  • Canadian cannabis firm Canopy Growth has given its CEO position a generous salary bump this year, according to recent filings with the U.S. Securities and Exchange Commission, even as the company laid off a large chunk of its workforce and struggled to contain losses.
  • The filings show that an employment offer was made to current CEO David Klein on Dec. 6 with a base salary in U.S. dollars of $975,000, which amounted to approximately 1.3 million Canadian dollars at the time.
  • Mark Zekulin, who filled in as CEO on an interim basis after Bruce Linton was shown the door last year, earned an annual salary less than half of Klein’s.

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