RE:RE:As An Acreage ShareholderThanks Rainbow, always appreciate constructive feedback.
I've sat on the board of a very large company (much larger than Canopy) in which we had to replace the CEO, these things never just happen, it happens over a longer period of time. There are so many things that happen behind closed doors that then culminate in a decision to replace a CEO, it's never a spur of the moment thing. In one of Bruce's first interviews after being let go, he stated that his vision and that of STZ were not necessarily aligned, so guess who wins.
They have provided some guidance if you read the July 3rd press release. The Board announced that they are have launched the process to hire a new CEO. The Board's primary concern is to maximize shareholder value regardless if they are institutional or retail. The retail investor has very little say in any aspect of a comapny, but also gains when a comapny does well, which it will. Below is an part of the July 3rd press release that provides some guidance. Remeber, this is not Zekulin speaking, but the Board writing what they want him to say.
“While Canopy will never be the same without Bruce, the team and I look forward to continuing to do what we have done for the past 6 years: investing in world class people, infrastructure and brands, and always seeking to lead through credibility and vision,” said Zekulin. “I personally remain committed to a successful transition over the coming year as we begin a process to identify new leadership that will drive our collective vision forward. I know the company will continue to thrive as the Canopy story continues on for years to come.”