Canopy Growth makes changes to its Board of Directors

Two new members have been added to the board as the cannabis company looks to improve operations

Two new Board of Directors appointments were announced by one of the leading companies in the cannabis industry, Canopy Growth Corporation. Yesterday was the official first day as members of the Board for Terry Yanofsky and David Lazzarato as Canopy Growth Inc. looks to strengthen its market position.

Leaving her previous position as Senior Vice-President, General Manager for Sephora Canada, Yanofsky has vast experience dealing with big retailers. She has earned respect for her leadership focused strategy and her disciplined approach to driving revenue. Yanofsky also worked as the country manager for Bath & Body Works Canada at L Brands, so she has experience in working with big-name global retailers with rapid growth.

“I’m thrilled to join Canopy’s Board,” said Yanofsky. “There is no company better positioned in the emerging global cannabis market, and I look forward to working with Canopy Growth’s very talented leadership team to ensure that it remains an innovator and disruptor in the cannabis retail market.”

Lazzarato has had senior executive positions with companies like Alliance Atlantis Communications, Allstream, Bell Canada and CAE. He is currently a member of the Corporate Governance and nominating Committee of Star Group, as well as chairman of the Audit Committee. He is bringing his commercial and financial experience to assist businesses that are going through challenging financial times.

“It is my pleasure to welcome both Terry and David to the board,” said Judy Schmeling, Chair of the Board of Directors. “Their leadership and experience in highly competitive industries will be instrumental as we focus the business and evolve into an execution-driven operating company. I also want to thank outgoing board members, Peter Stringham and John Bell, for their contribution and service to the board during times of rapid expansion and growth.” Bell and Stringham, who had just left the board, were performing as Lead Director and chaired Corporate Governance, Compensation and Nominating Committee, respectively.