New deals will see OEGRC, which already owns 64 Tokyo Smoke stores, take control of 23 Tokyo Smoke and Tweed stores across Manitoba, Saskatchewan and Newfoundland and Labrador.
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 and reduce other expenses.
Smiths Falls-based cannabis producer warned Wednesday that market headwinds could hamper its ability to be profitable in Canada.
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 will take longer.
Smiths Falls-based cannabis firm reported a net loss of nearly $700 million in its fourth quarter, down from a loss of $1.3 billion in the same quarter last year.
Purchase marks Canopy's latest move as it watches to see whether the U.S. loosens laws around marijuana following the election of President Joe Biden.
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.
Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers and a multimillion-dollar writedown
Canopy Growth Corp. says it's planning further cost cuts as it reported a $124.17-million loss in its third quarter of 2020, though that was less than analysts had expected
The company says work to scale up to commercial production is not complete and it is delaying the launch date while it completes the final steps