In the wake of Canopy CEO/Chairman Bruce Linton's departure earlier this week, Barron's followed up with Merida Managing Partner Mitch Baruchowitz, who predicted last year that Constellation would soon assert its over Canopy.
“When you write a $4 billion check, you have certain expectations,” Baruchowitz told Barron’s. When Canopy stock was flying, Constellation probably didn’t mind Linton’s free-spending ways with the American company’s money. But lately, he said, Canopy seems to have become a burden on the market’s perception of Constellation’s value.
Pictured: Bruce Linton, former CEO/Chairman of Canopy Growth. Photo credit: Bloomberg