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BREAKING: Cannabis producer Canopy Growth to close flagship cultivation facility in Smiths Falls, Ontario, cut 800 jobs after losing $267 million in Q3.
Plans to "transform Canadian business" after losing $2.6 billion so far this fiscal year.
Story coming for @MJBizDaily
Plans to "transform Canadian business" after losing $2.6 billion so far this fiscal year.
Story coming for @MJBizDaily
@MJBizDaily Canada's federal government, via the @CanRevAgency, dumped almost $90 million of taxpayer money into Canopy over the past 2 years, making it the largest gov't-subsidized cannabis producer in the world.
The free money came amid a massive supply glut of cannabis in the market.
The free money came amid a massive supply glut of cannabis in the market.
While gov'ts remain rightly focused on containing #COVID19Canada & providing support to Canadians whose livelihoods have been impacted & to #cdnbiz we also need to begin planning for stimulus & recovery. @merransmith & I have an op-ed out today that 1/ nationalobserver.com/2020/04/08/opi…
…lays out how we ought to approach the role of energy in our economy: we need to reorient & rebuild our energy sector with a focus on #CleanEnergy As @tomrand notes “looking in the rearview mirror is not the best way to gauge where you’re going.” The oil patch won’t return to 2/
…the halcyon boom days of the early 2000s, confronted as it is by cyclical & structural change. Modeling we did in 2019 found that over the next decade, even w sustained fossil fuel investment there would be 50,000 jobs lost. That investment now looks unlikely. It’s time to 3/
