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Source:: AOL.com
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The man who built Canopy Growth into the world’s biggest cannabis grower before being ousted told us why he picked pet-food CBD and psychedelics for his next ventures
Bruce Linton, the former Canopy Growth CEO, is pursuing a number of new ventures, both inside and outside of the cannabis space.
He’ll be taking on new positions as the executive chairman of Gage Cannabis Co., a Michigan dispensary chain; special advisor at Better Choice Company, a CBD pet food supplier; and as a director at Mind Medicine, a company developing psychedelic-based drugs for FDA approval.
Business Insider caught up with Linton on the sidelines of the Cannabis Private Investment Summit in Midtown Manhattan.
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The ex-CEO of cannabis giant Canopy Growth can’t sit still for long.
In July, Bruce Linton was ousted from the company he founded and built into the world’s largest legal cannabis producers after the Constellation Brands-controlled board pushed for a focus on quarterly profits, rather than splashy acquisitions. Now, he’s ready to discuss his next act.
Linton is taking on new positions as the executive chairman of Gage Cannabis Co., a Michigan dispensary chain; special advisor at Better Choice Company, a CBD pet food supplier; and as a director at Mind Medicine, a company developing psychedelic-based drugs for FDA approval.
Read more: Here are the 3 top pot stocks to bet on in the US and one to avoid, according to Wall Street’s leading cannabis analyst
Apart from his active roles, Linton will become an activist investor — the “good kind,” according to a statement — at SLANG Worldwide, a cannabis company, and DNA Genetics. Canopy Growth inked partnerships with these companies under Linton’s tenure.
Business Insider caught up with Linton on Tuesday afternoon on the sidelines of the Cannabis Private Investment Summit in Manhattan. We discussed how he chose the companies he wanted to work with and talked about the burgeoning opportunity in psychedelics, and he shared some insight into the issues facing the Canadian cannabis sector including the highly public meltdown of cannabis grower CannTrust.
‘I’m cheering for the entrepreneur’
Linton said he was initially reluctant to get back into cannabis, and he spent some time after he was fired in July thinking about how he could potentially get involved with companies working on climate change issues, instead.
“I thought about something totally different to do,” says Linton. “If I never do anything in cannabis again, people will say ‘Man, that guy was a genius. He was there, it went boom.'”
But in the first few weeks after his ouster, he …read more
Source:: Business Insider