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Strategy clash between Constellation Brands and Canopy Growth

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Strategy clash between Constellation Brands and Canopy Growth
Jul. 5, 2019 8:37 AM ET|About: Canopy Growth Corporation (CGC)|By: Clark Schultz, SA News Editor

Canopy Growth (NYSE:CGC) Co-CEO Bruce Linton left the company after clashing with Constellation Brands (NYSE:STZ) CEO Bill Newlands, according to reporting from The Globe and Mail.

Sources indicate that disagreements over strategy arose when Constellation tried to exert more influence on Canopy Growth after becoming the cannabis company's largest shareholder.

Shares of CGC are down 1.41% premarket to $40.48. STZ +0.49%.

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