By Ankit Kumar

Feb 9 (Reuters) – Canopy Growth Corp said on Thursday it would shed assets in Canada and cut 800 job positions as part of the pot producer’s efforts to reduce costs and vE turn profitable.

Shares of the company, which reported a bigger quarterly loss, plunged 16.6% to C$3.06 at the closing of trade.

The company has been cutting costs through layoffs, exit from some international markets, liY store closures and divestiture of its retail business across Canada.

The company expects to save C$140 million ($104.10 million)to C$160 million over the next 12 months.

Its streamlining efforts in Canada include exiting cannabis flower cultivation in its Smiths Falls, liY Ontario facility, ceasing the sourcing of cannabis flower from the Quebec facility, and moving to a third-party sourcing model for cannabis beverages, edibles, vapes and extracts.

The company expects to complete the operational changes in the second quarter of fiscal 2024 and record restructuring-related pretax charges of C$425 million to C$525 million in the current quarter and the first half of fiscal 2024.

Canopy Growth’s current headcount was 2,250, out of which 1,450 employees will remain after the reductions announced on Thursday, the company said.

“Canopy is now in a position where its success will largely depend on investor enthusiasm amid an environment where cannabis sentiment is at best apathetic,” Stifel analyst Andrew Carter said in a note.

The company’s adjusted core loss widened to C$87.5 million in the quarter ended Dec.31, from C$67.4 million a year earlier.

Smaller rival Aurora Cannabis Inc, however, reported an adjusted core profit of C$1.4 million, compared to a loss of C$7. If you adored this article and you also would like to obtain more info about liY generously visit the web site. 1 million in the year-ago quarter, helped by higher revenue and reduction in expenses.($1 = 1.3449 Canadian dollars) (Reporting by Ankit Kumar, additional reporting by Sourasis Bose; Editing by Maju Samuel and Shailesh Kuber)

casino casino roulette terpercaya casino terpercaya casino terpercaya togel terpercaya casino online data sidney
https://wiedomugu.karnali.gov.np/
https://wieohumla.survey.karnali.gov.np/
https://wieodailekh.survey.karnali.gov.np/
https://freddypilar.com/
https://topfroosh.com/
https://neubau-immobilie-leipzig.de/
https://psiquiatraenprovidencia.cl/
https://flughafen-taxi-muenchen.com/
https://apologetics.ro/
https://vignet.net/
https://prime.edu.pk/blogs/
https://zmart.hk/
https://shop.drdavidgilpin.com/
https://penzonerealty.com/
https://thefarmwifelife.com/
https://dominicandreamgirl.com/
https://ttg.com.ar/
https://theusaage.com/
https://losafoods.com/
https://runwithyourheart.site/
https://laidegoldskinclinic.com/
https://fuelpumpexpress.com/
https://toshow.us/
https://grandkozmetik.mk/
https://henyodigital.com/
https://painfulparenting.com/
https://mold.maqopt.com.br/
https://shopmygear.com/
https://richiptv.com/
https://anhduongcompany.vn/
https://bestcardiologistnashik.in/
https://lynxlolerservices.co.uk/
https://theonenews.in/
https://veganscure.com/
https://inland.website/
https://saudepreciosa.com/
https://hiremedubai.com/
https://huntingsurvivors.com/
https://itn-info.com/
https://amaronilogistics.eu/
https://discimus.com.br/
https://agapelux.com/
https://snaptosign.com/
https://mundoanimalperu.com/
https://mundoauditivo.com/
https://oncallorganicfood.com/
https://pickandgofurniture.com/
https://agelessbeautylaserskinspa.com/
https://theidealseo.com/
https://rblogistics.co.id/
https://dev.iphi.or.id/
https://zteindonesia.co.id/
https://blogs.astroanupmishrji.com/
https://blogs.epistylar.com/
https://techfat.com/
https://aahanagroups.com/
https://terraagrofertil.com.br/
https://digitalalmighty.com/
https://tnlin.com/
https://ebookngo.com/
https://gailelaine.com/
https://amorefitsport.com/
https://au11arts.com/
https://binaclass.com/
https://c-sun.com.tw/
https://djnativus.com/
https://helloginnii.com/
https://heylookielookie.com/
https://hollyorchards.com/
https://getneuenergy.com/
https://longhealthylives.com/
https://memory-trees.com/
https://solarandmore.com/
https://thepathmapper.com/
https://timepiececloset.com.au/
https://www.cuffknit.com/
https://dgboutique.site/
https://maninhorst.nl/
https://waistlinewatcheds.com/
https://selfhackathon.com/
https://ezdigitalnews.com/
https://advantagechemical.com/
https://martinezabogadodeaccidentes.com/
https://classchalo.com/
https://chroellc.com/
https://newsnetify.com/
http://stg.diocanto.com/
https://autodiscover.d9sports.com/
https://autodiscover.dagnydesigngroup.com/
https://mail.explore814.com/
https://blogs.exploreyourtown.com/
https://mail.mombuzzmedia.com/
https://hotelarjuna.com/nue
https://uvasi.ru/
https://pakalertpress.com/
https://blueskypixels.co.uk/
https://postmyprayer.com/
https://lavineur.fr/
https://maymanamarket.co.uk/
https://orientation.ogooue-education.com/
https://shebatour.com/
https://siltech-kraska.ru/
https://viprealestate.com.vn/
https://www.watchdivision.ru/
https://bionfree.com/
https://ekbang.kepriprov.go.id/
https://tangerangmotor.co.id/
https://smkn2jiwan.sch.id/
https://elkisi.sch.id/
https://isqsyekhibrahim.ac.id/
https://igtkiprovjateng.org/
https://mtsdarussholihin.sch.id/
https://rblogistics.co.id/
https://dev.iphi.or.id/
https://hhanif.staff.ugm.ac.id/
https://hotelarjuna.com/nue
https://janestrinket.co.id/
https://gacwkeren.gacw.or.id/
https://socialconnext.perhumas.or.id/
https://zteindonesia.co.id/
https://tahfidzulquran.ukm.unair.ac.id/
cytotec
jasa backlink pbn 10 ribu
bintang4dp
bintang4d
bintang4d slot dana
bintang4d slot gacor
bintang4d slot 10k
https://thurgoodmarshall.com/
https://powerstationofart.org/
Joker4d
Skmbet
Slot2d
POS4D
Slot Thailand
demo slot
SENGTOTO
SENGTOTO
DAFTAR EVOSTOTO
SITUS EVOSTOTO
jebol togel
mikatoto
Slot Online
mikatoto
cytotec
obat penggugur kandungan
obat aborsi
slot server thailand
dewalive
Slot Thailand
akun pro malaysia
BAIM4D
obat penggugur kandungan
slot gacor 777
SINGASARITOTO
SINGASARITOTO
JUMBOTOTO
MAFIATOTO
KARTUTOTO
ASUSTOGEL
BAIM4D
Bimabet
hujantoto
klik555
klik555
klik555
klik555
okbtogel link alternatif
okbtogel login
okbtogel
cytotec
obat bius
sbobet
https://leespeigel.com/
situs slot online
cukongbet
slot online
APPLE4D
VEGAS138
Slot Online
prada4d
slot online
https://mail.jenepontokab.go.id/
cytotec
akun pro rusia
Cukongbet
https://rajawdslot.com/
prada4d
deluna188
klik4d
cytotec
deluna188
rajacukong
RajaJp188