Canopy Growth Corp. laid off one other 30 staff as a part of its company restructuring, the corporate confirmed to Marijuana Business Daily.

The job losses at Canopy’s Smiths Falls, Ontario, headquarters were first reported by native information web site

The layoffs, which occurred July 8, affected operations workers members and had been the results of Canopy Growth’s “ongoing strategic review of the business,” Jordan Sinclair, the corporate’s vice chairman of communications, stated in an announcement.

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

The layoffs are the newest of many roles shed by Canopy this 12 months.

The Ontario-based firm closed two main greenhouses in British Columbia in March, leading to about 500 job losses.

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

Another 200 Canopy staff had been terminated in Canada, the United Kingdom and the U.S. in late April.

Canopy reported a big fourth-quarter loss in late May and introduced it was transitioning to deal with Canada, the United States and Germany.

Other main Canadian hashish producers to put off workers in 2020 embody Aurora Cannabis and Organigram.

Source link