09:51 AM EST, 01/06/2025 (MT Newswires) -- Canopy Growth ( CGC ) , a cannabis company that saw strong share price gains yesterday, on Monday appointed M. Brooks Jorgensen to the newly made role of president.

The company's shares edged about 2% higher following the announcement and were last seen up $0.10 at $4.35 in early morning trading on the Toronto Stock Exchange.

"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," said Canopy Growth ( CGC ) Chief Executive Luc Mongeau.

The company said as president, Jorgensen will oversee the continued integration and enhancement of Canopy USA's operations as a single, cohesive platform focused on maximizing growth across the United States.

Price: 4.27, Change: +0.02, Percent Change: +0.47