Canopy Growth Closes Five Plants, Incurs $400M Charges
On December 9, 2020, Canopy Growth Corporation announced the closure of five of its Canadian production sites “as part of its plan to reduce operating costs, improve margins and align its production capacity with the current demand of the industry.” The site closures include: St. John’s, Newfoundland and Labrador, Fredericton, New Brunswick, Bowmanville, Ontario, Birch…