Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth announces plan to lay off 800 workers, close and consolidate some sites in bid to cut costs

Chief financial officer Judy Hong said the streamlining effort would right-size Canopy’s business in Canada. The company expects to save between $140-million and $160-million over the next 12 months

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

The Smiths Falls, Ont. cannabis company said Thursday that the layoff will impact 35 per cent of its workforce and take place over the next several months.

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations.

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations.

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations. The Smiths Falls, Ont.

Cannabis company Canopy Growth to lay off 800, close and consolidate some facilities

Canopy Growth Corp. will lay off 800 workers as part of a transformation plan that will see the company close its hallmark 1 Hershey facility and consolidate some of its cultivation operations. The Smiths Falls, Ont.