Canopy Growth laid off hundreds of employees in the past fiscal year, with their top executives earning millions of dollars in bonuses. — via TheGrowthOp
A total of $4 million was paid out to five of the company’s top brass in June, with CEO David Klein receiving $2.2 million.
President and Chief Product Officer Rade Kovacevic was awarded $659,000; CFO Mike Lee $579,000; Chief Commercial Officer Julious Grant $360,000, and Chief Legal Officer Phil Shaer $351,000.Article content Additionally, each executive was given a raise, with the exception of Klein. Although the raises were chump change when compared to executive salary and bonuses at just $14,000 to $25,000 per exec, comparatively, theKlein received a salary of $1.2 million, plus the aforementioned $2.2 million dollar bonus as well as $127,000 in additional compensation, earmarked “other” — totalling $3.7 million.
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