Cannabis Firm Canopy Growth Cuts 30 at Ontario Headquarters

Article by Marijuana Business Daily

Cannabis firm Canopy Growth cuts 30 at Ontario headquarters Canopy Growth Corp. laid off another 30 employees as part of its corporate restructuring, the company confirmed to Marijuana Business Daily.

Canopy Growth Corp. laid off another 30 employees as part of its corporate restructuring, the company confirmed to Marijuana Business Daily.

The job losses at Canopy’s Smiths Falls, Ontario, headquarters were first reported by local news website InsideOttawaValley.com.

The layoffs, which occurred July 8, affected operations staff members and were the result of Canopy Growth’s “ongoing strategic review of the business,” Jordan Sinclair, the company’s vice president of communications, said in a statement.

“This decision was made as we continue to adjust the business to match market demands,” Sinclair added.

The layoffs are the latest of many jobs shed by Canopy this year.

The Ontario-based company closed two major greenhouses in British Columbia in March, resulting in about 500 job losses.

In mid-April, Canopy eliminated 85 positions as it pulled back from cultivation in Africa, Colombia and the United States and closed a facility in Saskatchewan, Canada.

Read the full article here.

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