Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

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Zenabis Global Inc. > Canopy continues to decrease expenses closing another plant

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Post by edrose on Apr 30, 2020 10:47am

Canopy continues to decrease expenses closing another plant

And laying off another 200 employees

zenabis needs to also decrease expenses a lot more than what they did since they can't continue losing money

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Comment by ZFowler on Apr 30, 2020 10:58am

They reduced costs by $40 million per year starting in Q1 2020. Furthermore, 2019 had many one time expenses for build out and write downs. You are saying that Q1 is important. Wait and see what Q1 comes in at before saying they need to cut any more costs.

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