UPDATE 3-Canopy Growth co-CEO Bruce Linton says he was fired

Canopy Growth Corp founder and co-Chief Executive Officer Bruce Linton said he was fired, a surprise move that comes just a week after its largest shareholder expressed disappointment over the company’s loss-making streak. The world’s largest weed producer announced earlier in the day that Linton was stepping down, leaving Mark Zekulin in charge of the company, sending its shares down 4%. Canopy Growth reported a net loss of about C$323 million for the fourth quarter, attributing it to increased investments in expanding the business.

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