Aphria posts second consecutive quarterly profit despite industry struggles
Aphria Inc. interim chief executive officer Irwin Simon is one of the cannabis industry’s highest-compensated executives after less than a year of running the company.
Simon, who took over the Leamington, Ont.-based company as interim CEO in March after Vic Neufeld retired, saw his total compensation reach nearly $9.6 million this year, according to a management circular published on Tuesday. The pay package vaults Simon above most of his peers, aside from Tilray CEO Brendan Kennedy, who benefitted handsomely from stock-based compensation last year.
Here’s a tale of the tape on compensation handed out to some of the most powerful figures in the cannabis industry.
*Brendan Kennedy, Tilray CEO
Option-based awards: $25.1 million
Stock-based awards: $5.8 million
Total compensation: $31.82 million
Irwin Simon, Aphria CEO
Share-based awards: $901,500
Option-based awards: $7.9 million
Total compensation: $9.58 million
Mark Zekulin, Canopy Growth CEO
Option-based awards: $5.2 million
Total compensation: $5.96 million
Terry Booth, Aurora Cannabis CEO
Share-based awards: $406,450
Option-based awards: $1.1 million
Total compensation: $2.41 million
*Mike Gorenstein, Cronos Group CEO
Option-based awards: $557,910
Total compensation: $824,842
*Denotes 2018 compensation data. All other figures for 2019.