Cannabis producer Canopy Growth has implemented more layoffs, this time at its operation in Niagara-on-the-Lake, Ontario, the company confirmed.
Earlier this summer, Canopy said it decreased its staff by more than 18% since the beginning of 2019.
“These decisions are never easy, and we want to thank the employees affected for the contributions they made to Canopy,” Sinclair said.
“We’ll update the company’s employee count when we report our financial results later in the fall.”
Canopy declined to confirm the number of employees involved.
The company reported a net loss of more than 128 million Canadian dollars ($95.7 million) in the first quarter of its fiscal year.
The company’s wholly owned, 1 million-square-foot facility in Niagara, called Tweed Farms, consists of a hybrid greenhouse with cultivation and post-harvest processing as well as a GMP-certified area.