Despite being dismissed from Canadian marijuana producer Canopy Growth as its CEO, Bruce Linton, the former executive, is still investing in the giant.
Linton had been fired by the Canadian company last month, but said on Tuesday on CNBC’s “Squawk Box” that he has since acquired more shares in the company.
“It was a right time for them to make the change, and it was the right time to buy the stock,” Linton said.
He did not disclose either the number of shares he purchased or the amount of his investment.
As of July 31, he owned 2.5 million shares of Canopy that were worth 90 million
Canadian dollars, according to financial data firm FactSet.
“When it’s cheap, you buy more,” Linton remarked.
