Report: Canopy Growth Trims Latin American Team As Region Struggles With Regulations
Canopy Growth Corp (NYSE: CGC), a Canada-based cannabis multinational, is laying off 15% of its workforce in Latin America, citing concerns around the region’s regulatory infancy and the company’s intent to focus on near-term revenue-generating investments, according to a report by Marijuana Business Daily. The company has narrowed its Latin American workforce from 92 to 78 employees, Niklaus Schwenker, director of communications and strategy for Canopy Growth Latin America, reportedly said in an email. Canopy’s actions confirm the company shifted its priorities from market building to commercial sales and revenue-generating investments. READ MORE: https://finance.yahoo.com/news/report-canopy-growth-trims-latin-230038804.html?.tsrc=rss The post Report: Canopy Growth Trims Latin American Team As Region Struggles With Regulations appeared first on Cannabis Daily.
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