Canopy Growth

Pot company Canopy Growth to lay off 243 workers as it moves to cut costs

Ottawa

Smiths Falls-based cannabis firm said cuts are a key piece of a plan that will also see the company retool its facilities, review procurement strategies

Truss CEO expecting ‘summer of cannabis-infused beverages’ after category’s rocky debut

Eastern Ontario Business Journal

Dave Schlosser’s optimism comes amid the lifting of mask mandates, capacity restrictions and other health measures that cut into gatherings where consumers might have kicked

Green dreams: Ex-Canopy Growth exec tackles climate change with new funding platform

Ottawa

Mark Zekulin says he was seeking a venture that would do good and was in a field that was “as exciting and as dynamic” as

Canopy Growth reports Q3 loss, sales down from year ago

Ottawa

Smiths Falls-based cannabis producer warned Wednesday that market headwinds could hamper its ability to be profitable in Canada.

Canopy Growth delays profitability target after reporting $16.3M loss in Q2

Ottawa

Smiths Falls-based cannabis company previously predicted it would be profitable in the second half of its 2022 financial year, but now says reaching that goal

‘Flight to quality’ office space fuels dip in vacancy rate for first time since 2019: CBRE

Non-Residential

The city’s overall office vacancy rate fell to 9.7 per cent, marking the first net absorption of office space in the capital since the fourth

Canopy Growth, local cannabis retailer see pre-roll sales soar as consumers share joints less during pandemic

Ottawa

Research commissioned by Canopy found the pre-roll joint category grew by 48% across the entire market between January and May 2021.

Cointreau maker sues Canopy Growth over Quatreau drinks with similar-sounding name

Ottawa

Cointreau wants any profits Canopy made on products with the allegedly infringing trademarks and for the cannabis company to cover its costs and attorneys fees.

Retail giant Costco Ottawa’s top revenue-generating firm in new list

Ottawa

Big-box behemoth, whose Canadian subsidiary is headquartered on Hunt Club Road, posted revenues of $30.2 billion in 2020, up 6.6 per cent from a year

Second class-action suit against Hexo dismissed in U.S. court

Ottawa

Ottawa firm was one of three major Canadian pot producers hit with lawsuits last year alleging they exaggerated or overestimated sales figures and market potential.