Gaining a U.S. toehold could be a step to reversing layoffs hitting cannabis companies, Canadian pot producers say.
Pot producer says plan aimed at avoiding a delisting of its shares from the NYSE is in the best interests of the company and its shareholders.
Cannabis company says cuts affect employees at its Niagara-on-the-Lake and Smiths Falls locations.
Increasingly crowded marketplace also includes beverages from Canopy Growth and other producers.
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.
Gatineau firm determined there was an excess of cultivation capacity in the market.
Fairway leadership team includes Michael Inskip, IP lawyer Gordon Freedman
Gatineau cannabis producer received warning from NYSE about low stock price.
Third round of cuts for Ottawa-area pot producer since March.