RE:Cost Reduction ActionsI've read the full release. By all measures, this looks like a company going in to panic mode, trying desperately to do damage control. Damn i laugh when i see companies use language like "right-sizing". You want the translation?? IMHO, THIS COMPANY IS A MESS AND THIS POINTS DIRECTLY AT THEIR LOOMING CASH ISSUE. class="prntac" style="box-sizing: border-box; margin: 0px 0px 35px; text-align: center; font-size: 16px; line-height: 1.8; color: rgb(55, 55, 55); font-family: Montserrat, Helvetica, Arial, sans-serif;">
Strategic adjustments are expected to generate savings of $100 – $150 million within 12 – 18 months
SMITHS FALLS, ON, April 26, 2022 /PRNewswire/ - Canopy Growth Corporation ("Canopy Growth" or "the Company") (TSX: WEED) (NASDAQ: CGC), a world-leading diversified cannabis, hemp, and cannabis device company, today announced that the Company is undertaking a series of initiatives to reduce costs and drive efficiency in order to accelerate its path to profitability. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
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