Canopy Growth Cuts Another 75 Jobs, Shutters Denmark Facility
Wed / Mar 17th
The Canadian cannabis producer Canopy Growth is laying off 75 employees and announced it will close its Denmark-based operations.
Canopy Growth is an Ontario-based cannabis company that by April 2019 became the largest cannabis company in the world. That growth in 2019 may have come from the company’s expansion into the European market. Get more news on Canopy Growth below:
Wed / Mar 17th
The Canadian cannabis producer Canopy Growth is laying off 75 employees and announced it will close its Denmark-based operations.
Fri / Dec 11th
Canopy Growth announced yesterday it was shutting down five cultivation sites — including all of its outdoor cultivation footprint — and laying off approximately 220 employees in an effort to “streamline operations.”
Mon / Sep 14th
A new CBD product line by Martha Stewart and Canopy Growth launches this week after more than a year in development.
Wed / Jul 8th
Cannabis companies are paying insurance rates that are up to seven times higher than other industries with many citing a rise in U.S. lawsuits against publicly traded cannabis firms.
Mon / May 4th
Amid international shakeups, major alcohol distributor Constellation Brands has increased its stake in Canopy Growth Corp. by 5.1 percent, bringing its total stake in the company to 38.6 percent.
Thu / Apr 30th
Canopy Growth will lay off an additional 200 employees from its facilities in North America and the United Kingdom.
Thu / Apr 16th
Canopy Growth Corp. has announced a series of changes for the Canadian company, including shutting down all of its operations in Africa, moving to an asset-light model in Latin America, and exiting the U.S. hemp cultivation scene.
Thu / Mar 5th
Canopy Growth has shut down two cultivation sites, laying off 500 workers in its latest attempt to align the business with slow industry growth.
Tue / Dec 10th
Canopy Growth has named the CFO of Constellation Brands — the major alcohol distributor who owns about 38 percent of Canopy — as its new CEO.
Fri / Nov 8th
Drake is the latest celebrity to join forces with Canopy Growth after the hip-hop star announced the founding of More Life Growth Company, which will be based out of his hometown of Toronto, Ontario.
Wed / Oct 16th
The United Kingdom has given a license to Canada’s Canopy Growth that allows the company to import bulk medical cannabis products into the UK.
Mon / Aug 12th
Canopy Growth has inked a deal to acquire two research firms, pending regulatory approval.
Fri / Jul 5th
Canopy Growth’s long-time CEO Bruce Linton is officially out after the Canadian company saw significant losses this year. Linton says the decision stemmed from company directors that were installed by Constellation Brands, an alcohol distributor with 38 percent ownership of the company.
Fri / Apr 19th
Canadian LP Canopy Growth has agreed to purchase the multi-state cannabis operator Acreage Holdings for a whopping $3.4 billion — but not until cannabis is federally legalized in the U.S.
Thu / Mar 28th
The agreement will establish a new company, Houseplant, which plans to offer three strains – Houseplant Sativa, Houseplant Hybrid, and Houseplant Indica – over the coming months.
Mon / Mar 4th
Martha Stewart and Canopy Growth are teaming up to develop CBD products, starting with pet remedies, thanks to a referral from Snoop Dogg’s talent agency.
Wed / Aug 15th
Constellation Brands, the brewer of Corona beer and a major distributor for Svedka vodka, just invested nearly $4 billion (CAD… Read More
Wed / May 30th
Canadian medical cannabis firm Canopy Growth has acquired Kingdom of Lesotho-based Daddy Cann Lesotho PTY Ltd, trading as Highlands, which… Read More
Fri / May 25th
Canadian medical cannabis company Canopy Growth began trading on the New York Stock Exchange under the “CGC” symbol yesterday, but… Read More
Thu / May 17th
Canopy Rivers is hosting a “pitch day” for Canadian cannabis entrepreneurs ahead of federal legalization as part of the “Micro… Read More
Wed / May 16th
Canopy Growth Corp. – Canada’s largest cannabis company – has applied to list on the New York Stock Exchange, Bloomberg… Read More
Wed / Feb 21st
Canadian medical cannabis producer Canopy Growth Corp. has been granted a license for the largest federally-licensed cannabis cultivation site in… Read More
Tue / Dec 19th
North America’s largest pink tomato producer – whose operations are in in Mirabel Quebec, Canada – is partnering with Canopy… Read More
Tue / Nov 28th
Canopy Growth Corporation, a licensed medical cannabis producer in Canada with interests and operations in seven countries, is set to… Read More
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