Narbe Alexandrian, previously vice-president of business development at Canopy Rivers, has been promoted to president.

Canopy Rivers, the corporate venture capital arm of Canada-based medical marijuana producer Canopy Growth, promoted Narbe Alexandrian, its former vice-president of business development, to president this month.

The unit, which went public in September 2018, recently led a $9m convertible debt financing round for plant-based food and beverage producer Greenhouse Juice and a $12.1m series A round for cannabis-focused data analytics platform provider Headset immediately prior to Alexandrian’s promotion.

Since becoming president, Alexandrian helped Canopy Rivers provide $1.1m in…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.