Canopy Growth cutting 55 jobs, restructuring Canadian operations

Dozens of jobs are on the chopping block as Canopy Growth restructures its operations in Canada.

According to BNN-Bloomberg, the licensed cannabis producer is laying off 55 employees and plans to make Dave Paterson the new president of its Canadian operations.

“Our executive structure and operations are now more closely aligned with the areas of greatest opportunity and reflect Canopy Growth’s resolute focus on achieving profitability in Canada,” a company spokesperson said in an emailed statement.

“Together with our recently announced strategy for fast tracking entry into the U.S., these adjustments further position Canopy Growth to realize our ambition of North American cannabis market leadership.”

Canopy Growth added that it will treat its Canadian operations as a standalone business unit.

The company didn’t specify which facilities across the country will be impacted by the latest round of cuts.

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