Vireo Health Fires Bruce Linton
Multistate operator Vireo Health (OTC: VREOF) announced on Monday that it was terminating its contract with Executive Chairman Bruce Linton. The former Canopy Growth (NYSE: CGC) CEO joined the U.S. company last November. Vireo doesn't plan to replace Linton and says the termination is "on an entirely without-cause basis, effective immediately."
Linton stated on Monday that "I like the company and pushed it hard, obviously a little too hard for everyone's enjoyment."
In July of last year, Linton was fired as co-CEO of Canopy Growth just days after beer maker Constellation Brands (NYSE: STZ), which invested $4 billion in the pot producer in 2018 , released its quarterly results. Although they were profitable, Constellation's investment in Canopy Growth weighed down the company's per-share earnings by $0.20.
Source Fool.com
