Canopy Growth to lay off 800 workers, wind down main Smiths Falls facility
Canopy’s transformation plan comes after years of Canadian pot companies slashing workforces and tightening operations in a bid to reach their long-awaited goal of profitability.
The average price for cannabis was $11.78 per gram at the start of 2019, shortly after legalization, but fell to $7.50 per gram in 2021, a November report from Deloitte Canada and cannabis research firms Hifyre and BDSA said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Smiths Falls, Ont. couple loses $8,000 in 'grandparent scam'Police in Smiths Falls are issuing a warning about a scam targeting the elderly population. ottnews
Read more »
Canopy Growth restructures Canadian operations, to lay off 800 in latest cost-cutting move - BNN BloombergCanopy Growth is planning to restructure its Canadian cannabis operations, which will see the departure of more than one-third of its workforce while shrinking its cultivation and production businesses in its latest attempt to cut costs and seek profitability.
Read more »
Toronto school bus falls into 10-foot sinkholeSpontaneous sinkholes continue to cause problems around Toronto as the city struggles to repair all of its aging roads and watermains, resulting in...
Read more »
N.L. government receives report from panel tasked with exploring long-term potential of Churchill Falls | SaltWireThe province says publicly releasing a report on the long-term potential of Churchill Falls assets would 'would weaken government’s ability to secure maximum benefits' from any future development.
Read more »
Bank of Canada says no new rate hikes needed if inflation falls as expectedOTTAWA — Bank of Canada Governor Tiff Macklem on Tuesday said that no further rate hikes will be needed if, as expected, the economy stalls and inflation comes…
Read more »
Health care handout falls flat to someWatch: A health care reform offer was made to Canada's premiers. Some say it's a start, but it's not what many hoped for. TysonFedorTV has more. yyc
Read more »