Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff.
Brenna Eller, the Smiths Falls, Ont. pot company's vice-president of communications, says the move is meant to help the company reach profitability.
She did not say what roles the laid off workers had or where they were located.
As part of the changes, Eller says Dave Paterson will now serve as its president of Canadian operations.
Patterson, who most recently served as chief commercial officer of cannabis producer Indiva, is expected to drive greater accountability as the company tries to find sustainable growth.
Eller says Julious Grant, Canopy's chief commercial officer, will also leave the company "to pursue other opportunities."
"Through the changes announced today, our executive structure and operations are now more closely aligned with the areas of greatest opportunity and reflect Canopy Growth's resolute focus on achieving profitability in Canada," she says, in a statement.
"Together with our recently announced strategy for fast tracking entry into the U.S., these adjustments further position Canopy Growth to realize our ambition of North American cannabis market leadership."
This report by The Canadian Press was first published Nov. 30, 2022.
A new report by the Canadian Institute for Health Information says 83 per cent of adults in this country have a regular primary-care provider, but that still leaves 5.4 million adults without one.
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Trash carried by a North Korean balloon fell on the presidential compound in central Seoul on Thursday, officials said, the second such case in recent months that raise concerns about the vulnerability of key South Korean sites during potential North Korean aggression.
An Israeli strike on a school where displaced people were sheltering in the central Gaza Strip killed at least 17 people on Thursday, Palestinian medical officials said.
Turkiye鈥檚 air force struck Kurdish militant targets in Iraq and Syria on Wednesday in apparent retaliation for an attack at a key state-run defence company that killed five people and wounded more than a dozen others.
The Justice Department warned Elon Musk鈥檚 America PAC in recent days that his US$1 million sweepstakes to registered voters in swing states may violate federal law, people briefed on the matter told CNN.
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A suspect in an armed robbery that took place one year ago in Hanover will officially face the court for their charges following an arrest on Sunday.
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Dave Lindsey began growing giant pumpkins to bring a bit of magic to his grandkids' Halloween.
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A dazzling light display is making its return to Lethbridge this holiday season.
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The union representing the fire rangers with the Ministry of Natural Resources says money won鈥檛 fix the systemic problems in the workplace.
Rallies by a group called Voices Against Violence took place across the country on Monday, including Sault Ste. Marie.
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