04:24:19 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canopy Growth Corp
Symbol WEED
Shares Issued 480,260,882
Close 2022-11-30 C$ 4.86
Market Cap C$ 2,334,067,887
Recent Sedar Documents

FP/CP say Canopy splitting up its Canadian operations

2022-12-01 09:42 ET - In the News

The Financial Post reports in its Thursday, Dec. 1, edition that Canopy Growth said it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. A Canadian Press dispatch to the Post reports that Brenna Eller, the pot company's vice-president of communications, said the move is meant to help the company reach profitability. As part of the changes, Ms. Eller said Dave Paterson will now serve as its president of Canadian operations. Mr. Patterson is expected to drive greater accountability as the company tries to find sustainable growth. Mr. Patterson most recently served as chief commercial officer of cannabis producer Indiva. Mr. Patterson is expected to drive greater accountability as the company tries to find sustainable growth. Ms. Eller said Julious Grant, Canopy's chief commercial officer, will also leave the company "to pursue other opportunities." Ms. Eller said in a statement, "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."

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