Why is Bruce Linton getting into plant-based food? Well, I would say marijuana, and your assumption would be that I ve got the munchies, said Linton with a laugh.
As the founder and former co-CEO of Canopy Growth, one of the world s largest cannabis companies, it could be reasonable to assume that anything Linton does goes back to marijuana. As Canopy Growth grew, it caught the attention of alcohol seller Constellation Brands, which purchased a more than $4 billion stake in 2017 and 2018 and then fired Linton in 2019 when the company posted a wider-than-expected net loss.
In March 2020, he launched Collective Growth, a $150 million special-purchase acquisition company, with the intent of using it to bring a hemp company public. Hemp, which is in the cannabis family but doesn t have the psychoactive chemical THC, became legal for cultivation in the United States in 2018. The market for that plant, which contains the popular relaxation and pain relief chemical CBD, is very op