Canada’s biggest cannabis producer continues to make cuts.
Canopy Growth last week announced another 200 layoffs, the third round of cuts the Ontario-based company has undertaken in the last couple of months.
The cuts include employees in this country as well as the U.S. and U.K., part of an ongoing restructuring first announced in February.
The company eliminated nearly 1,000 jobs including temporary COVID-19 related layoffs.
In March, among the cuts Canopy announced was the closures of its B.C. facilities in Delta and Aldergrove, resulting in the elimination of approximately 500 positions.
The company said the greenhouses in B.C. accounted for approximately three million square feet of licensed production space and were put into commission in 2018, after a period of phased retrofitting to help Canopy scale-up to supply the new Canadian adult-use market.
Called BC Tweed, the 1.7-million-square-foot facility on Hornby Drive in East Ladner was to be one of the biggest cannabis greenhouses in the world and help make Canopy the dominate player in the Canadian recreational marijuana market.
The East Ladner facility is now vacant after big dollars had been invested in retrofitting it.
Meanwhile, in other news, a company which has a partnership with the huge Houwelings greenhouse in East Ladner, AgraFlora Organics International Inc., announced that wholly owned subsidiary Sustainable Growth Strategic Capital Corp. has successfully produced the first full run of full spectrum CBD crude oil and CBD distillate.
The Toronto-based subsidiary partnered with another Canadian company, Micro C45 Inc., which has developed a unique post-harvest mechanical separation process for hemp to create the product.
Sustainable Growth has entered into agreements with several Canadian companies licensed under the Cannabis Act to create formulations and finished products using the oil, distillate as well as and CBD isolate.
AgraFlora recently announced the Houweling complex on 64th Street, a 2.2-million-square-foot facility called the Delta Greenhouse Complex, had taken what could be the final steps in the process of obtaining a license to cultivate cannabis from Health Canada. The operation anticipates having the license prior to the end of the second quarter this year.
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