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.
