The Globe and Mail reports in its Wednesday, April 27, edition that Canopy Growth is laying off 250 people, or about one-10th of its staff, in a cost-cutting plan to save the company $100-million to $150-million within 12 to 18 months in order to reach profitability. The Globe's Irene Galia writes that Canopy spokesman Jennifer White says the layoffs are not tied to a specific facility closing, but rather a reorganization of team structures. The Globe reports that at the end of March, Canopy employed 3,084 people. Ms. White confirmed Canopy will retain its primary production facilities in Smiths Falls and Kincardine in Ontario, and Mirabel, Que. She added that "no production facilities" are affected by the announcement. Ms. White said other planned measures include increasing partnerships with contracted manufacturing organizations and small craft cannabis producers, as well as maintaining Canopy's core production. In its fiscal 2022 third quarter, ended Dec. 31, 2021, Canopy reported a $115.5-million net loss, compared with a net loss of $829.3-million in the same quarter a year earlier. Canopy reported just $161-million in operating expenses, down from $578-million a year earlier.