Let's See the FQ4/22 ReportCrud barking meaningless as always....the weak and tiny minded puke the same shite 24/7 and they are no closer to fact and reality today than they were any other day, just the same POS puking out the same garbage.
The layoffs were a planned part of the growth and restructuring of the company as Klein pulls all assets together for the final fit...there are redundancies in many areas when amalgamating existing going concerns. Whether there is anything of concern with these layoffs at this time remains to be seen...and it could well be a right sizing action planned and necessary that allows the company to realize it's growth potential as planned and prudent as required, when all assets are near completion.
This is a major positive for the bottom line and you can't keep everyone, they can only keep the staffing required for the operations today and near term, as they continue to complete the final position of current assets to date. This will be ongoing stateside as the progress there is achieved going forward. Adding and subtracting staff as an ongoing requirement and fact of life in every industry. There will be all the info required in reporting and documentation as they proceed with their major growth planned to date. The question here is, will it be enough for profit realized for FY2022? JMHO..Opt
Canopy Growth to cut 250 jobs in struggle to turn a profit | Financial Post