Canopy Growth appoints Tom Stewart as permanent CFO

SMITHS FALLS, Ontario - Cannabis company Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC), currently valued at $456 million in market capitalization, announced Wednesday the appointment of Tom Stewart as Chief Financial Officer, effective immediately.

Stewart, who has served as Interim CFO since July 2025 and has been part of the company’s senior finance leadership team since 2019, will now permanently assume the role.

According to the company’s press release statement, Stewart has helped lead initiatives to stabilize Canopy Growth’s financial position, reduce expenses, and improve liquidity through debt repayments and capital raised via at-the-market programs.

"Tom’s leadership comes at a critical time in our transformation," said Luc Mongeau, Chief Executive Officer. "His appointment reflects our commitment to operational discipline, execution, and delivering against our fiscal year 2026 priorities."

The appointment aligns with Canopy Growth’s fiscal year 2026 strategy focused on structural efficiency, operational focus, and disciplined capital allocation.

Canopy Growth operates primarily in the cannabis sector with operations in Canada, Europe, and Australia. The company maintains an unconsolidated, non-controlling interest in Canopy USA, LLC, which has ownership stakes in various U.S. cannabis operators.

The company’s brand portfolio includes Tweed, 7ACRES, DOJA, Deep Space and Claybourne, as well as vaporization devices by Storz & Bickel.

In other recent news, Canopy Growth Corporation has completed a significant financial maneuver by making an early prepayment of $50 million against its senior secured term loan. This action fulfills its debt reduction obligations ahead of schedule, originally set for December 2025 and March 2026. The company initially paid $25 million on July 31 and has now completed the remaining installments. In another development, Institutional Shareholder Services has advised Canopy Growth shareholders to vote in favor of all resolutions at the upcoming Annual General and Special Meeting. Additionally, Canopy Growth has appointed Miles Worne as Managing Director of European Markets, effective August 11, 2025. Worne will oversee the company’s operations and market strategies across Europe. These moves indicate Canopy Growth’s strategic efforts to strengthen its financial position and expand its market presence.

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