Aug 16 (Reuters) - Cannabis firm Canopy Growth ( CGC )

said on Friday its CEO, David Klein, will retire at the end of

the company's current fiscal year on March 31.

Klein was appointed as Canopy Growth's ( CGC ) chairman when the

then co-CEO and founder Bruce Linton was fired in 2019.

The announcement comes just days after the company reported

a smaller-than-expected core loss and pointed to easing doubts

around its ability to continue as a going concern.

The company had raised doubts about its ability to

continue as a going concern last year as it struggled to turn

profitable. It later sold its sports nutrition products unit,

Biosteel, after seeking bankruptcy protection for it.

Canopy Growth ( CGC ) said it is in the process of securing a

search firm to initiate a comprehensive CEO selection process.