Cannabis umbrella company Canopy USA hires first prez

January 14, 2025

DENVER — Canopy USA LLC, the American subsidiary of Canadian cannabis umbrella company Canopy Growth Corp. (TSX: WEED, Nasdaq: CGC), has hired M. Brooks Jorgensen as its first president. 

Jorgensen was most recently the president of cannabis distribution company Kiva Sales and Service Inc.

Canopy bought Boulder-based cannabis gummies company Wana Brands in 2021 for nearly $300 million. The company’s cannabis portfolio also includes Acreage Holdings Inc. and  Lemurian Inc. 

“With the completed integration of the Canopy USA platform, this unique portfolio of brands together with a growing retail presence in key states represents significant upside in the dynamic U.S. cannabis industry,” Canopy USA board member Luc Mongeau said in a prepared statement. “Brooks is an accomplished executive in high growth industries and will help further unlock the full potential of Canopy USA, drive the organization to its next phase of growth, and solidify its standing as a leader in the market.”