Canopy Growth  has enacted a set of temporary job cuts. A company official said in an interview with BNN Bloomberg published on Friday that it has furloughed 200 staff members at its retail outlets. However, at the same time it plans to reopen some of the company-owned stores in its native Canada.

The furloughs are, naturally, connected to the current SARS-CoV-2 coronavirus outbreak and its resulting economic slowdown. They come only a short time after Canopy Growth shuttered the 23 company-owned dispensaries located in the provinces of Manitoba, Saskatchewan, and Newfoundland and Labrador. It also closed the visitors’ center at its Ontario headquarters building.

In the article, the Canopy Growth representative didn’t specify how many stores the company was aiming to reopen, nor where any were located.

 

Read more at

https://www.nasdaq.com/articles/canopy-growth-announces-worker-furloughs-dispensary-reopenings-2020-04-05