Is Canopy Growth Corp. Facing a Shutdown of Their Ontario Facility?

Article by Anthony Varrell, Technical 420

Is Canopy Growth Corp. Facing A Shutdown Of Their Ontario Facility?

The COVID-19 outbreak has had a significant impact on the global economy and many countries are still dealing with major outbreaks.

The US is the epicenter of COVID and has the highest number of confirmed cases in the world. Unfortunately, the trend seems to be getting worse and we are closely following how the government handles the outbreak.

Although Canada is one of the countries that seems to have the COVID crisis under control, many companies are still being impacted by the virus. Canopy Growth Corporation (WEED.TO) (CGC) is a leading cannabis producer and it recently announced that an employee at its Ontario facility has tested positive for the virus.

According to Jordan Sinclair, the company’s vice-president of communications, the last time the employee was at work was on June 25th. Following the positive test, Canopy Growth has taken action and has tested employees that came in contact with the employee that tested positive for the virus.

Sinclair said the company has been screening employees for COVID-19 symptoms, increasing facility cleanings, and limiting the number of workers present at any given time. After the positive test, the facility has remained operational and Canopy Growth has been allowing all workers who can complete their jobs from home to do so since mid-March.

Canopy Growth is one of the largest cannabis producers in the world and is by far the best capitalized. Although the company has taken the necessary precautions to try and prevent the spread of the virus, the one positive test highlights the risk that cannabis companies are facing.

Read the full article here.

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