Canopy Growth CEO to retire at conclusion of this fiscal year

Canopy Growth, says that CEO David Klein will be retiring at the conclusion of the cannabis company’s current fiscal year, ending March 31.

Klein will continue in his role as CEO and as a member of the company’s board until this date, or until a successor is named. Klein joined Canopy Growth as CEO in 2020, after a lengthy stint with Constellation brands in New York, where he most recently worked as its EVP, CFO, previously working as the SVP and CFO of its beer division, which has a portfolio in the U.S. that includes Modelo.

Last week, the Smiths Falls, Ontario company reported an earnings and revenue decline for Q1, fiscal 2025. In its earnings call, Canopy says that in Canada, where it was affected by supply constraints, it “remains focused on driving growth and profitably gaining market share in both the adult use and medical channels.”

Its Canadian medical business delivering its sixth consecutive quarter of growth, the company notes.

Pet Valu creates president and COO role

Canadian specialty retailer of pet food and pet-related supplies, Pet Valu, has appointed Greg Ramier as its new president and COO.

In the role, Ramier will be accountable for executing strategic initiatives and further strengthening Pet Valu’s omnichannel retail capabilities while growing the long-term profitability and free cash generation from its business. Effective immediately, Pet Valu’s leaders for merchandising, marketing and digital, supply chain, franchise store operations, and corporate store operations will report to Ramier, who will report directly to Pet Valu’s CEO, Richard Maltsbarger.

Ramier most recently worked as a senior advisor with EY Global. Prior to that job, he spent more than two decades with Loblaw, most recently as the president of the grocer’s market division.

Pet Valu also reports that Christine Martin-Bevilacqua, the company’s chief administrative officer, will retire effective October 19.

Upon Martin-Bevilacqua’s retirement, the franchising, and real estate, lease administration, facilities and construction teams will report to Ramier.

ABC Fitness names tech vet its new chief marketing officer

B2B gym/fitness management software company ABC Fitness, has named tech vet, Maggie Lower as its new CMO. Lower, based in Chicago, was recently CMO for Hootsuite and PR/earned media management software company, Cision.

ABC Fitness is responsible for member management, payment and community engagement, with more than 40,000 customers in more than 100 countries, serving clients like Planet Fitness.

ABC Fitness recently acquired Vancouver-based personal trainer and coach management software company, Trainerize.

Insurance brokerage names CMO for Ontario

Asghar Molu is starting a new position as chief marketing officer at Hub International, based in Toronto. Molu most recently worked as SVP of personal insurance at Hub, which is a provider of employee benefits, business, and personal insurance products and services.

Prior to joining Hub, Molu spent nine years at Intact Insurance, four of which was spent as branch director. He was also Intact’s manager of marketing and communications for two-and-half years.

Molu also served as team leader of marketing and communications for Grey Power insurance.