Canopy Growth Corp. (CGC), a cannabis company, announced on Tuesday that it has appointed Board member Luc Mongeau as the next Chief Executive Officer, effective from January 6, 2025.
Mongeau will be succeeding David Klein, who opted to retire. He will continue in his role until the effective date of Mongeau's appointment.
The new CEO joined the company as an observer in early 2023 and as a Board member in February this year.
Mongeau has most recently served as the CEO of North America's e-commerce provider for residential and commercial furniture.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.