Oct 15, 2019
How Aphria’s CEO compensation ranks among leading pot industry execs
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
Salary: $425,000
Bonus: $425,000
Option-based awards: $25.1 million
Stock-based awards: $5.8 million
Total compensation: $31.82 million
Irwin Simon, Aphria CEO
Salary: $397,201
Bonus: $325,000
Share-based awards: $901,500
Option-based awards: $7.9 million
Total compensation: $9.58 million
Mark Zekulin, Canopy Growth CEO
Salary: $500,000
Bonus: $250,000
Option-based awards: $5.2 million
Total compensation: $5.96 million
Terry Booth, Aurora Cannabis CEO
Salary: $466,346
Bonus: $408,750
Share-based awards: $406,450
Option-based awards: $1.1 million
Total compensation: $2.41 million
*Mike Gorenstein, Cronos Group CEO
Salary: $266,932
Bonus: None
Option-based awards: $557,910
Total compensation: $824,842
*Denotes 2018 compensation data. All other figures for 2019.