Canopy Rivers Appoints Narbé Alexandrian as Chief Executive Officer

Published: May 23, 2019

Canopy Rivers Inc. announced the promotion of former OMERS venture capitalist and Canopy Rivers President, Mr. Narbé Alexandrian, to Chief Executive Officer of the Company, effective immediately. Bruce Linton has transitioned from his role as acting CEO and will continue to provide oversight, deal flow, strategic insight, and opportunities for collaboration and further strategic alignment with Canopy Growth in conjunction with his ongoing role as Chairman of the Canopy Rivers Board of Directors.

“I am extremely proud of what Canopy Rivers has accomplished since the Company’s inception and Canopy Growth’s initial seed investment. We first invested in Canopy Rivers on the thesis that our equity and strategic support relationship would provide Canopy Growth with exposure to a diversified portfolio of cannabis investments in specialized and innovative businesses throughout the global cannabis industry. Today, Canopy Rivers has a diversified and integrated portfolio of 17 domestic and international investments that includes exposure to the majority of the industry value chain. These businesses collaborate and draw insight from each other and Canopy Growth such that the entire Canopy ecosystem of companies can navigate the industry more efficiently and cost effectively,” said Bruce Linton, Co-CEO of Canopy Growth and Chairman of Canopy Rivers. “We have aspired to build the Canopy Rivers team using the same approach we use to build our portfolio – by identifying specialists with diversified but complementary skillsets and having them leverage their individual areas of expertise to create value for our portfolio partners and shareholders,” continued Linton. “After working directly with Narbe and seeing him excel in several internal roles since we recruited him from OMERS, the Board of Directors and I believe that he is the ideal candidate to lead the Company going forward to continue to build value for all Canopy Rivers shareholders.”

Prior to joining Canopy Rivers, Narbe was a venture capitalist at OMERS Ventures, where he sourced and lead private debt and equity investments, raised more than $500 million of new investment capital, and acted as a board observer for several of the firm’s portfolio companies. Prior to OMERS Ventures, Narbe was at TELUS’ Internet of Things Group, where he helped develop and launch operational and go-to-market strategies in collaboration with the TELUS executive leadership team. Narbe has also held roles at Firmex Inc. in corporate development and Deloitte LLP in both Financial Advisory and Consulting.

With a tier one management and advisory team of specialists and thought leaders, a cornerstone investment and strategic support relationship with global industry leader Canopy Growth, and a thriving ecosystem of portfolio companies, Canopy Rivers is well-situated to capitalize on the expansive universe of opportunities in the global cannabis industry. Canopy Rivers currently has 17 domestic and international portfolio companies that span almost the entirety of the cannabis value chain, including significant, legally compliant exposure to the rapidly expanding and attractive U.S. market.