Canopy Growth

À l'échelle nationale, l'entreprise réduira sa production de 65 %.

On peut s’attendre à une année plus positive pour les entreprises de taille moyenne, celles à capitaux privés et qui ont des productions ajustées en fonction de leur marché, de la demande. Selon le média américain MJBizDaily, spécialisé dans l’industrie de la marijuana, 425 tonnes de cannabis ont été détruites en 2021. Au moment de la légalisation du cannabis, plusieurs joueurs flottaient sur un nuage et le marché anticipé faisait saliver les producteurs. Dans un effort de réduction de ses coûts, Canopy avait déjà supprimé plus de 240 emplois au printemps dernier. Canopy va aussi confier son programme de génétique à la société québécoise EXKA. Après l’euphorie qui avait suivi la légalisation de la marijuana au Canada, ce secteur d'activité continue d’en arracher.

The move is meant to help the cannabis company reach profitability and enable sustainable and long-term growth, Canopy Growth's chief executive said.

According to a database maintained by the federal Commissioner of Lobbying, Canopy [laying off 500 staff ](https://www.theglobeandmail.com/business/article-canopy-growth-to-close-two-greenhouses-lay-off-500-employees/)and shuttering two British Columbia greenhouses it had purchased two years earlier for nearly $400-million. Two months later, Canopy reached a deal to exchange roughly one-fifth of its total debt load worth $255-million for shares, plus roughly $3-million in cash. The company, which once funded a $2.5-million Canopy’s stock has lost nearly 94 per cent of its value over the past two years, falling from a February, 2021, high of $54.76 to close at $3.06 on the Toronto Stock Exchange Thursday, though the company’s declining fortunes started earlier. investing $5.2-billion into the business the year before, Canopy started reporting huge losses. In June, 2019, less than a year into legalization and despite U.S. – took over the factory that Hershey Canada had abandoned five years earlier, costing Smiths Falls, a town of about 9,000 people south of Ottawa, more than 500 jobs. At its peak in early 2019, Canopy had a market cap of about $18-billion. In a statement, chief financial officer Judy Hong said the “right-sizing” of Canopy’s Canadian business will significantly reduce cash costs. Two years before Justin Trudeau’s Liberals swept to power in 2015 promising to legalize recreational cannabis, Canopy was among the sector’s earliest movers, with ambitions to become a global leader. In a note published after Thursday’s announcement, Stifel Financial Corp.

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 turn ...

31, from C$67.4 million a year earlier. [(ACB.TO)](https://www.reuters.com/companies/ACB.TO), however, reported an adjusted core profit of C$1.4 million, compared to a loss of C$7.1 million in the year-ago quarter, helped by higher revenue and reduction in expenses. Register for free to Reuters and know the full story 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. Its streamlining efforts in Canada include exiting cannabis flower cultivation in its Smiths Falls, 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 save C$140 million ($104.10 million)to C$160 million over the next 12 months.

Smiths Falls — Canopy Growth licencie 800 travailleurs dans le cadre d'un plan de restructuration qui prévoit la fermeture de son usine phare 1 Hershey et ...

La dernière partie des changements prendra la forme d’un partenariat avec la société québécoise EXKA, qui détient la plus grande bibliothèque de cannabis au monde. Ce résultat se comparait à une perte nette de 115,5 millions $, ou 28 cents par action, pour le même trimestre un an plus tôt. Ces deux objectifs sont devenus difficiles parce que le marché illicite capte encore environ 40% de toutes les ventes de cannabis et que le secteur canadien du cannabis est évalué en deçà du cap des 7 milliards $ qui était jadis projeté, a souligné le chef de la direction de Canopy, David Klein.

Company will move to a third-party sourcing model for cannabis beverages, edibles, vapes and extracts.

*Correction: A previous version of this article stated Canopy is laying off 60 per cent of its workforce. The company launched a U.S.-domiciled holding company, Canopy USA, to “fast track entry into the U.S. cannabis market” and to hold the company’s U.S. A distribution centre across the street, which also has beverage capabilities, will remain open. One Hershey, the company’s headquarters, was Canopy’s main production site for flower and edibles. His total compensation reached more than $45 million as the company reported a net loss of $1.3 billion. These changes are difficult but necessary to drive our business to profitability and growth,” said Canopy’s CEO David Klein. The company reports it expects to realize up to $160 million in savings over the next 12 months. We are transforming our Canadian business to an asset-light model and significantly reducing the overall size of our organization. As a result of the Smiths Falls closure, the company is exiting cannabis flower cultivation at the Ontario facility. Article content

La société a attribué cette baisse principalement à une concurrence accrue sur le marché canadien du cannabis à usage adulte, à la cession de C3 Cannabinoid ...

Evolution du Compte de Résultat Merci d'autoriser JavaScript dans les préférences de votre navigateur pour utiliser les graphiques dynamiques. 1 128 M 1 514 M

Canopy Growth Corp. CGC, -2,84% Les actions ont chuté de 5% jeudi après que la société de cannabis a annoncé une perte plus importante que prévu et annoncé ...

Les mesures de réduction des coûts comprennent également l’abandon de la culture des fleurs de cannabis dans son usine de Smiths Falls, en Ontario ; arrêter l’approvisionnement en fleurs de cannabis de son usine de Mirabel, au Québec, et passer à l’approvisionnement par des tiers pour les boissons, les produits comestibles, les vapes et les extraits de cannabis, a déclaré la société. Canopy Growth a déclaré que sa perte pour les trois mois clos le 31 décembre avait augmenté à 261,58 millions de dollars canadiens, ou 54 cents par action, contre une perte de 108,9 millions de dollars canadiens, ou 28 cents par action, au trimestre de l’année précédente. Canopy Growth a déclaré qu’elle s’attend à économiser de 140 à 160 millions de dollars canadiens au cours des 12 prochains mois grâce à ses suppressions d’emplois.

BANK OF CANADA CONSIDERED HOLDING ON RATES · TELUS MEETS ON REVENUE, MISSES ON PROFIT · BOMBARDIER DELIVERS BULLISH OUTLOOK ON JET DEMAND · DISNEY SHARES JUMP AS ...

Cameco is also pointing to the Russian invasion of Ukraine as something of a watershed moment for the global energy industry, with CEO Tim Gitzel calling it “the most transformative event for our industry,” as gas shortages threatened global energy security, thus increasing the appeal of alternative fuels from safe, stable jurisdictions. The private-jet maker is forecasting a year of sharply higher financial results across a slew of metrics, including revenue, which it expects to come in at around US$7.6 billion (on the back of at least 138 jet shipments.) As for the year that was, revenues were up 14 per cent year-over-year to hit US$6.9 billion, due to higher deliveries and increasing demand for the company's aftermarket services (think maintenance, repairs and the like.) We're looking forward to hearing more a little later this morning, when CEO Éric Martel joins us at 10:15 a.m. Higher uranium prices helped power Cameco to a fourth quarter adjusted profit beat, as the world looks for alternative fuel sources in the transition to a greener economy. - We'll be keeping an eye on shares of Sun Life today – the insurer did manage to top fourth-quarter earnings estimates, albeit with weaker results than a year ago. While the summary is a welcome extra bit of transparency from the central bank (and aligns closer to policies out of the U.S. Iger, who retook the top job back in November after the ouster of Bob Chapek, has been under pressure from activist investor Nelson Peltz to improve cost controls and get results back on track. Federal Reserve and Bank of England, which publish minutes), the summary wasn't exactly market moving, given the Bank of Canada had communicated a lot of the main points over the last two weeks in the wake of the decision itself. [says](https://www.bnnbloomberg.ca/bombardier-reports-us-241m-fourth-quarter-profit-revenue-up-from-year-ago-1.1881600) things are looking up when it comes to the year ahead. As for what's ahead, Telus is forecasting operating revenue growth of as much as 14 per cent next year, with capital spending plans coming in bang in line with analyst estimates at $2.6 billion. Canopy says it expects to record a pre-tax charge between $425-$525 million as a result of the moves. Canopy Growth is taking a machete to its Canadian operations as the pot producer looks to plot a path to sustained profitability. debated pausing on rate hikes earlier this month, before ultimately moving by another quarter percentage point (and signalling a pause) due to the continued heat in the economy.

The Canadian cannabis producer is letting go hundreds of employees and closing facilities in its latest round of layoffs.

Proper compensation can be as much as 24 months’ pay depending on various factors, but can also consist of [working notice](https://stlawyers.ca/blog-news/working-notice-ultimate-guide-employees/). This can also result in a constructive dismissal and proper compensation. It is illegal for an employer to make significant changes to someone’s job. A worker can treat the change as a termination, and get severance pay through • The Canadian cannabis producer, based in Smith Falls, Ontario, said on Feb. [Rights to severance for provincially regulated employees](https://stlawyers.ca/blog-news/severance-provincially-regulated-employees/) [Severance pay for cannabis industry employees](https://stlawyers.ca/blog-news/severance-for-cannabis-industry-employees/) [Severance packages in mass layoffs](https://stlawyers.ca/blog-news/severance-packages-mass-layoffs/) [Severance](https://stlawyers.ca/law-essentials/severance-pay/) can be as much as 24 months’ pay, [depending on a number of factors](https://stlawyers.ca/blog-news/calculate-severance-pay/). [Layoffs in Canada](https://stlawyers.ca/blog-news/layoffs-in-canada/) [Employment Law](https://stlawyers.ca/blog-news/category/employment-law/)