Canopy Growth Laying Off 200 Workers

Canopy Growth (NYSE: CGC) is going to slim down, at least for now, with a new round of layoffs.

On Wednesday, the company confirmed to BNN Bloomberg that it will temporarily let go of 200 employees, a move that comes only a few weeks after it said it furloughed the same number of workers due to the economic effects of the coronavirus pandemic. The company also recently laid off 85 staffers, in addition to closing down two greenhouses.

The cannabis company did not specify in which division(s) or location(s) the affected employees currently work.

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Source Fool.com