Despite Losses, Canadian Cannabis CEOs Among Nation’s Highest-Paid Executives

Several Canadian cannabis company CEOs were among the highest paid corporate executives in the nation in 2019, according to a Centre for Policy Alternatives’ analysis titled “The Golden Cushion: CEO compensation in Canada.”

Aphria Inc. CEO Irwin D. Simon was the seventh-highest-compensated executive earning more than $18.4 million in 2019. The company reported a $16.5 million net loss in fiscal year 2019.

Former Cronos Group CEO Michael Gorenstein earned about $15 million in 2019, making him the 14th-highest-paid executive on the list. Cronos reported a $121 million operating loss during the 2019 fiscal year.

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