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Canopy shakes up board, reports CA$216 million loss on lower cannabis sales

Canadian cannabis producer Canopy Growth on Friday reported a shake-up to its board of directors, a lower third-quarter loss and a “singular focus” on marijuana.

Canopy’s net loss in the third fiscal quarter improved to 216.7 million Canadian dollars ($160 million), according to a U.S. Securities and Exchange Commission filing.


The board shake-up is related to the company’s advancement of its Canopy USA strategy, according to a news release.

Out is Robert L. Hanson, who resigned from Canopy’s board effective Feb. 6.

Hanson was replaced by two new board members – Willy Kruh and Luc Mongeau – effective Feb. 7.

On his LinkedIn page, Kruh is listed as the current CEO of PlantExt, a pharmaceutical cannabis formulation company.

It’s unclear if he still

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