Mike Lee joins a Board that already has executives drawn from multiple industries.
Canopy Rivers Inc. (TSX: RIV) today welcomed Canopy Growth Corporation (NYSE: CGC) Chief Financial Officer Mike Lee to its Board of Directors. Mr Lee joins a Board that already has executives drawn from multiple industries, a wealth of strategic industry know-how, and significant public company governance experience. The Company expects that Mr Lee's experience at Canopy Growth, Constellation Brands, Inc, and other leading consumer packaged goods and beverage companies will help strengthen its strategic execution as it continues to focus on developing a leading global cannabis portfolio.
I'm very pleased to join the Canopy Rivers Board as they continue building a diverse portfolio of cannabis investments.Mike Lee, Chief Financial Officer Canopy Growth
"Mike's addition to our Board is another sign of our strong and growing relationship with Canopy Growth and Constellation Brands," said John Bell, Chair of Canopy Rivers' Board. "We expect that this will benefit both of our companies, as well as our portfolio companies, as we exchange industry insights and further leverage the guidance and expertise of the largest cannabis company in the world."
"As we at Canopy Growth increase our focus on core markets and core products, there is a renewed need for an aggressive venture arm focused on identifying the next big opportunities in the global cannabis industry," said Mr Lee.
Mr Lee previously worked for companies such as E. & J. Gallo Winery, PepsiCo, and Constellation Brands, where he served as Senior Vice President and Chief Financial Officer for its US$3 billion wine and spirits division. He worked closely with Constellation Brands' executive leadership to transform its premium wine and spirits business, applying financial rigour along with a sense of urgency that translated strategy into action. Mr Lee also led the business transformation agenda at Constellation Brands, focused on digital enablement and operating model design. As a senior executive at Canopy Growth, he has made meaningful improvements to the business as it matures, adding key capabilities to the finance, IT, and investor relations functions, enabling it to meet and exceed reporting requirements as an accelerated filer under US GAAP.
Disclaimer: Past performance is not an indicator of future performance.
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