Cannabis giant Canopy Growth further shrinks global footprint
HempMarijuana Industry NewsMedical MarijuanaRecreational Marijuana April 17, 2020 MJ Shareholders 0
Last month, that meant shuttering 3 million square feet of greenhouses and laying off 500 employees.
Now, the world’s largest cannabis company by market cap has exited Africa; plans to close an indoor facility in Saskatchewan; will shut down a 1,000-acre hemp farm in Springfield, New York; and will scale back its operations in Colombia. The latest moves result in the loss of 85 full-time employees, five of whom worked at the US hemp farm.
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