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Canopy Growth Continues Retrenchment, Cuts 85 More Jobs
Canopy Growth Continues Retrenchment, Cuts 85 More Jobs

In a continued effort to conserve cash, Canada’s Canopy Growth Corporation is trimming back its operations via the closure of several international locations. In a press release issued last Thursday, the vertically-integrated cannabis firm said it would shutter an indoor cultivation facility in Canada and halt hemp farming at a 1,000-acre site in Springfield, New York.

Eyeing Profitability, MedMen Slashes 190 Jobs
Eyeing Profitability, MedMen Slashes 190 Jobs

In a drastic attempt to lower costs and boost profitability, embattled multi-state marijuana company MedMen will lay off 190 employees and sell its stake in a cannabis real estate investment trust (REIT), among other right-sizing maneuvers.

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