SMITHS FALLS, Ont. – Canopy Growth Corp. is laying off another round of workers as the cannabis company continues to restructure.<\/p>\n
The Smiths Falls, Ont.-based company would not say how many employees were impacted by the cuts, but confirmed they were based at its Niagara-on-the-Lake and Smiths Falls locations and said it would share more details in the fall when it releases financial results.<\/p>\n
Niagara-on-the-Lake is home to Canopy's Tweed Farms and Smiths Falls hosts the company's headquarters.<\/p>\n
The layoffs come after Canopy let go of 30 operations staff in Smiths Falls on July 8.<\/p>\n
The cannabis company behind the Tweed and Tokyo Smoke brands also culled 500 people from its workforce in March and 85 in April.<\/p>\n
The cuts were triggered by a restructuring Canopy began after finding that the Canadian recreational pot market is developing slower than it anticipated and after facing profitability challenges.<\/p>\n
This report by The Canadian Press was first published Sept. 4, 2020.<\/p>\n
Companies in this story: (TSX:WEED)<\/p>\n
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SMITHS FALLS, Ont. – Canopy Growth Corp. is laying off another round of workers as the cannabis company continues to restructure. The Smiths Falls, Ont.-based company would not say how many employees were impacted by the cuts, but confirmed they were based at its Niagara-on-the-Lake and Smiths Falls locations and said it would share more […]<\/p>\n","protected":false},"author":362,"featured_media":1861,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"","published":"2020-09-08T06:35:25","updated":"2020-09-08T13:35:25","_infotelid":"IT76765","_prepressid":"76765","_multisite_post_sync":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2,391],"tags":[],"region":[309,310,311,312],"class_list":["post-433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-in420","category-nonit","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":[],"jetpack_featured_media_url":"https:\/\/staging.infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID76765-6690.jpg","post_modified":"2020-09-08T13:35:25","post_modified_gmt":"2020-09-08T20:35:25","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/users\/362"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/comments?post=433"}],"version-history":[{"count":3,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/433\/revisions"}],"predecessor-version":[{"id":3934,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/posts\/433\/revisions\/3934"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media\/1861"}],"wp:attachment":[{"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/media?parent=433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/categories?post=433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/tags?post=433"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/staging.infonews.ca\/in420\/wp-json\/wp\/v2\/region?post=433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}