Here's How Marijuana Stocks Have Performed After Replacing Their CEOs

Are Canopy Growth and Aurora Cannabis better investments since the departure of their CEOs more than a year ago?

Last month, cannabis producer Hexo (NASDAQ:HEXO) made news when it announced a change in leadership. It's not an uncommon occurrence in a fast-changing industry like marijuana where companies are always adjusting their strategies. But do moves like this typically pay off?

Two of the biggest cannabis companies in Canada, Canopy Growth (NASDAQ:CGC) and Aurora Cannabis (NASDAQ:ACB), have made changes in the CEO position in recent years. The big question is, are they in any better shape today than they were when the changes were made?