Many layoffs have been conducted by Cannabis producer Canopy Growth, at its operation in Niagara-on-the-Lake, Ontario. Since the beginning of 2019. Canopy decreased its staff headcount by more than 18%. Sinclair said, “These decisions are never easy and we want to thank the employees affected for the contributions they made to Canopy.” “We’ll update the company’s employee count when we report our financial results later in the fall.” Canopy declined to confirm the number of employees that were involved during the layoffs. In the first quarter of its fiscal year, Canopy reported a net loss of more than 128 million Canadian dollars. Canopy Growth, a wholly-owned 1 million square foot facility in Niagara, consists of a hybrid greenhouse with cultivation and post-harvest processing, as well as a GMP-certified area.

Marijuana Business Daily, 09/03/2020 15:30:06

Open article: