Chris Roussakis/Bloomberg via Getty Images
Why Axis

Canopy Growth spent more on executive salaries and share-based compensation than its two biggest rivals combined

Canopy Growth was spending more on share-based compensation and executive salaries than its two biggest rivals combined in the lead-up to co-CEO Bruce Linton’s firing. 

An analysis by The Logic of Canopy and its main competitors’ financials since the beginning of 2016 shows a company far outspending its rivals on acquisitions, as well as research and development, and sales and marketing. 

The company’s revenues have also increased over the same period, though not nearly enough to offset the expenses, sending its net profits plunging 683 per cent, straining its stock price and ultimately forcing the exit of its charismatic co-founder.

    Join now to start reading premium, award-winning journalism.

    By entering your e-mail you consent to receiving commercial electronic messages from The Logic Inc. containing news, updates, offers or promotions about The Logic Inc.’s products and services. You can withdraw your consent at anytime. Please refer to our privacy policy or contact us for more details.

    In-depth, agenda-setting reporting

    Great journalism delivered straight to your inbox.


    IBM to open Calgary innovation centre focused on 5G, blockchain and AI

    Innovators and entrepreneurs named to Order of Canada

    CIBC says it will cover travel costs for employees seeking abortions

    Best business newsletter in Canada

    Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.

    Exclusive events

    See the bigger picture with reporters and industry experts in subscriber-exclusive events.

    Membership in The Logic Council

    Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.

    Canada's most influential executives and policymakers are reading The Logic

    • CPP Investments
    • Sun Life Financial
    • C100
    • Amazon
    • Telus
    • Mastercard
    • bdc
    • Shopify
    • Rogers
    • RBC
    • General Motors
    • MaRS
    • Government of Canada
    • Uber
    • Loblaw Companies Limited