This company has been acquired
VIVO Cannabis Management
Management criteria checks 3/4
Key information
Ray Laflamme
Chief executive officer
CA$262.3k
Total compensation
| CEO salary percentage | 82.0% |
| CEO tenure | 1.8yrs |
| CEO ownership | 10.2% |
| Management average tenure | 4.3yrs |
| Board average tenure | 1.8yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2022 | n/a | n/a | -CA$48m |
| Sep 30 2022 | n/a | n/a | -CA$108m |
| Jun 30 2022 | n/a | n/a | -CA$105m |
| Mar 31 2022 | n/a | n/a | -CA$70m |
| Dec 31 2021 | CA$262k | CA$215k | -CA$70m |
| Sep 30 2021 | n/a | n/a | -CA$45m |
| Jun 30 2021 | n/a | n/a | -CA$49m |
| Mar 31 2021 | n/a | n/a | -CA$48m |
| Dec 31 2020 | CA$276k | CA$213k | -CA$56m |
| Sep 30 2020 | n/a | n/a | -CA$33m |
| Jun 30 2020 | n/a | n/a | -CA$38m |
| Mar 31 2020 | n/a | n/a | -CA$47m |
| Dec 31 2019 | CA$304k | CA$210k | -CA$31m |
| Sep 30 2019 | n/a | n/a | -CA$27m |
| Jun 30 2019 | n/a | n/a | -CA$26m |
| Mar 31 2019 | n/a | n/a | -CA$13m |
| Dec 31 2018 | CA$173k | CA$67k | -CA$25m |
Compensation vs Market: Ray's total compensation ($USD194.79K) is about average for companies of similar size in the Canadian market ($USD175.26K).
Compensation vs Earnings: Ray's compensation has been consistent with company performance over the past year.
CEO
Ray Laflamme
1.8yrs
Tenure
CA$262,250
Compensation
Mr. Joseph Louis Raymond Laflamme, also known as Ray, serves as the Director at VIVO Cannabis Inc. since April 12, 2021 and serves as its Chief Executive Officer since July 5, 2021. He serves as Chairman o...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 1.8yrs | CA$262.25k | 10.22% CA$ 947.3k | |
| Chief Financial Officer | 5.3yrs | CA$315.18k | 0.11% CA$ 10.6k | |
| President of European Operations | 4.3yrs | CA$356.56k | no data | |
| Chief Commercial Officer & President of Harvest Medicine | 1.3yrs | CA$261.02k | no data | |
| General Counsel & Secretary | 1.8yrs | no data | no data | |
| Chief Medical Officer & Member of Scientific Advisory Board | 4.3yrs | no data | no data | |
| Chief Commercial Officer | no data | no data | no data | |
| VP of Napanee Operations & Secretary | 5.9yrs | CA$131.54k | no data | |
| Chief Medical Consultant & Member of Scientific Advisory Board | 5.8yrs | no data | 0.11% CA$ 10.6k |
4.3yrs
Average Tenure
58yo
Average Age
Experienced Management: VIVO's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 2yrs | CA$262.25k | 10.22% CA$ 947.3k | |
| Chief Medical Officer & Member of Scientific Advisory Board | 4.3yrs | no data | no data | |
| Chief Medical Consultant & Member of Scientific Advisory Board | no data | no data | 0.11% CA$ 10.6k | |
| Independent Director | 1.3yrs | CA$12.00k | 0.027% CA$ 2.5k | |
| Independent Director | 1.3yrs | CA$10.50k | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Member of Scientific Advisory Board | no data | no data | no data | |
| Independent Director | 1.8yrs | CA$33.50k | no data | |
| Independent Director | 1.8yrs | CA$35.75k | no data |
1.8yrs
Average Tenure
Experienced Board: VIVO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.