In the young cannabis industry, it is common to see people working for one company to move to another one or simply serve as an advisor. Canopy Rivers Inc. has announced a new addition to its Board of Directors, coming from another big one in the cannabis industry. Canopy Growth Corporation’s Chief Financial Officer Mike Lee is joining this board that already has multiple executive-level experts in several areas of the industry, as well as large company management experience. Canopy Rivers wants to take full advantage of Lee’s experience working for both Canopy Growth and Constellation Brands.
For Canopy Rivers, this is a meaningful step for the company to continue executing its strategy focused on developing a global cannabis portfolio. “Mike’s addition to our Board is another sign of our strong and growing relationship with Canopy Growth and Constellation Brands,” said John Bell, Chair of Canopy Rivers’ Board. “We expect that this will benefit both of our companies, as well as our portfolio companies, as we exchange industry insights and further leverage the guidance and expertise of the largest cannabis company in the world.”
Lee has worked for companies such as E. & J. Gallo Winery, PepsiCo and Constellation Brands. His financial rigor helped Constellation Brands to achieve the planned business transformation and, working for Canopy Growth, he has made significant improvements to the cannabis venture by adding key capabilities to the finance sector of the company. “I’m very pleased to join the Canopy Rivers Board as they continue building a diverse portfolio of cannabis investments. As we at Canopy Growth increase our focus on core markets and core products, there is a renewed need for an aggressive venture arm focused on identifying the next big opportunities in the global cannabis industry,” said Lee.