The loss amounted to $2.43 per diluted share for the quarter ended Dec. 31, compared with a loss of $109.6 million or 26 cents per share a year earlier.
The Smiths Falls-based cannabis producer will also increase ownership in Quebec greenhouse joint venture Vert Mirabel.
The Ottawa-area pot producer says it will end operations at sites in St. John's, Fredericton, Edmonton, Bowmanville, Ont. and at an outdoor grow facility in Saskatchewan.
Smiths Falls firm believes legalization initiatives passed in Arizona, Mississippi, Montana, New Jersey and South Dakota will be good for business and the cannabis culture at large.
Smiths Falls-based Canopy Growth Corp. comes in at No. 18, while Kanata software firm Kinaxis also makes the top-30 list.
Cannabis company says cuts affect employees at its Niagara-on-the-Lake and Smiths Falls locations.
Smiths Falls-based company says recreational sales fell when it was forced to close its 22 stores until mid-May during the COVID-19 crisis.
Canopy's performance in Canada's recreational market has improved "modestly" in recent weeks as brick-and-mortar stores reopened, company executives say.
‘Being first isn't a sustainable strategy’
Third round of cuts for Ottawa-area pot producer since March.