Marijuana firm Cronos replaces CEO with consumer packaged goods veteran
Cronos Group has become the latest Canadian cannabis company to shake up its top ranks, replacing former CEO Mike Gorenstein with experienced consumer packaged goods executive Kurt Schmidt.
Aurora appoints new CEO, signals revenue decline, massive write-downs
Aurora Cannabis has promoted Miguel Martin to CEO, while warning investors to expect declining quarterly revenue and write-downs of up to 1.8 billion Canadian dollars ($1.37 billion) when it reports fourth quarter results in two weeks.
Week in Review: US House sets marijuana legalization vote, new Massachusetts rules, MedMen woes & more
The MORE Act, which would deschedule cannabis and thereby legalize it federally in the U.S., is scheduled to be considered by the full U.S. House of Representatives the week of Sept. 21.