Canopy Growth is taking a machete to its Canadian operations as the pot producer looks to plot a path to sustained profitability.
The scope of the restructuring is rather eye-opening. Canopy is cutting 800 jobs and will now cultivate cannabis at but a pair of sites in Kelowna, B.C. and Kincardine, Ont. For everyone keeping score at home, that spells the end of cultivation at the company's Smiths Falls, Ont. location, an inauspicious end to the hopes the town placed on Canopy when it put down roots in the old Hershey factory that used to drive the local economy.
Precision Drilling swung to a profit in its fourth quarter, as a 28 per cent increase in North American drilling activity boosted the bottom line.
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Canopy Growth to lay off 800 workers, wind down main Smiths Falls facility | Globalnews.caThe Smiths Falls, Ont. cannabis company said Thursday that the layoff will impact 35 per cent of its workforce and take place over the next several months.
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Cannabis company Canopy Growth to lay off 800, close and consolidate some facilitiesCanopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations.
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Cannabis company Canopy Growth to lay off 800, close and consolidate some facilitiesBREAKING: Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations. ottnews
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Canopy Growth to lay off 800 workers, close and consolidate some facilitiesCanopy Growth is laying off 35 per cent of its workforce and closing its hallmark 1 Hershey facility in Smiths Falls, Ont. Read on.
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Cannabis company Canopy Growth to lay off 800, close and consolidate some facilitiesThe move is meant to help the company reach profitability and enable sustainable and long\u002Dterm growth, said Canopy Growth\u0027s chief executive.
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