Former Canopy Growth (CGC) CEO Bruce Linton on Thursday was named the executive chairman of Vireo Health, a science-focused cannabis outfit with operations in multiple U.S. states, marking the latest move from the executive after his ouster from the weed giant this summer. Canopy Growth stock and other marijuana stocks gave up gains.
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.