Bruce Linton, a pioneer of the legal-cannabis industry and former leader of one of its most prominent companies, has joined Minneapolis-based Vireo Health as executive chairman of the multistate cannabis concern that operates locally as Minnesota Medical Solutions.
“Beyond the attractive collection of strategic assets and intellectual property … I have taken this role because I share the company’s ambitious vision for the future,” Linton said in a prepared statement. “We are confident Vireo can become a top U.S. producer and distributor of high-margin, proprietary products within the next several years and create unprecedented long-term shareholder value.”
Linton, 53, a former Canadian technology entrepreneur, started researching the emerging cannabis market for medicinal purposes as well as recreational and founded Canopy Growth in 2012. Linton was forced out of Canopy by alcoholic-beverage maker Constellation Brands, after it invested $4 billion for about 37% of the company earlier this year.