Such conditions have prodded the company into launching an ongoing cost-cutting plan involving retooling its facilities, reviewing procurement strategies, implementing flexible manufacturing processes and reducing third-party professional and office fees.Article content
Canopy anticipates its moves will create between $100 and $150 million in savings within a 12-to-18 month range and — like a series of other cannabis companies who have embarked on overhauls recently — help it reach profitability by better aligning supply with demand. “We expect cost savings to ramp in the second half of the year, enabling us to execute on our path to profitability even as we continue to invest in strategic growth initiatives including in BioSteel and our U.S. THC ecosystem.”
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Canopy Growth sees $2-billion net loss as Ontario cannabis company takes large writedownCanopy Growth Corp. says the net loss in its first quarter compared to net earnings of more than $389 million at the same time last year Garbage cannabis. Selling stale old cannabis what did they expect . Cannabis is a plant that needs love ❤️ 😍 💖 not big warehouse grows . 'Canopy Growth [formerly Tweed] sees $2-billion net loss' All the Liberal friends made millions off of government cornering the pot market, including Justin's new pal Brian Mulroney, and that's all that matters.
Source: globeandmail - 🏆 5. / 92 Read more »
Canopy Growth sees $2B net loss as Ontario cannabis company takes large writedownCanopy Growth Corp. executives argued the company is advancing toward profitability, even as it booked a $1.72 billion non-cash writedown that contributed to a net loss of more than $2 billion during its most recent quarter. Over estimated demands ? Just like most new industries ? liberals must have a hand in running it, everything the liberals touch turns to shyttt That's because you guys need to be introduced to BC weed then you would get higher quality better taste and a lot more performance just saying the truth
Source: CTVCalgary - 🏆 26. / 68 Read more »