WebFeb 9, 2024 · Canopy Growth, backed by Corona beermaker Constellation Brands Inc., will close major operations and cut 60% of its jobs as it says Canada’s marijuana industry has failed to meet expectations ... WebApr 26, 2024 · SMITHS FALLS, Ont. -. Canopy Growth Corp. plans to lay off more than 200 workers as part of a new cost-reduction strategy that will make cannabis cultivation more affordable and uncover supply ...
Canopy Growth to close five facilities across Canada, lay off …
WebApr 10, 2024 · Canopy Growth sheds assets in Canada, plans more layoffs. Canopy Growth Corp said on Thursday it would shed assets in Canada and reduce its workforce … WebCanopy Growth’s current headcount was 2,250, out of which 1,450 employees will remain after the reductions announced on Thursday, the company said. „Canopy is now in a position where its success will largely depend on investor enthusiasm amid an environment where cannabis sentiment is at best apathetic,” Stifel analyst Andrew Carter said ... group tours to budapest and bucharest
Pot company Canopy Growth to lay off 243 workers in new cost ... - CTVNews
WebFeb 13, 2024 · Meanwhile, cannabis company Canopy Growth is laying off about 800 workers or 60% of its workforce as it transitions to “an asset-light model in Canada”. "Canopy must reach profitability to achieve our ambition of long-term North American cannabis market leadership,” said David Klein, company CEO. “We are transforming our … WebJul 17, 2024 · Adding to a worrying trend in the cannabis industry, Canopy Growth ( CGC -0.52%) has enacted a new round of employee layoffs. The company confirmed to … WebFeb 9, 2024 · Canopy also reported Thursday its net loss amounted to $266.7 million or 54 cents per diluted share for the quarter ended Dec. 31. The result compared with a net loss of $115.5 million or 28 cents per diluted share in the same quarter a year earlier. Story continues below. This advertisement has not loaded yet, but your article continues below. group tours to egypt from toronto