Canopy Growth to lay off 500 employees, close greenhouses, take $700-$800M writedown

Mar 05, 2020

SMITHS FALLS, Ont. - Canopy Growth Corp. says it is laying off 500 employees and closing its greenhouses in Aldergrove and Delta, B.C.

The Smiths Falls, Ont. cannabis company says it has determined that the facilities are no longer essential to its cultivation footprint.

Canopy says it was hampered by the Canadian recreational cannabis market developing slower than anticipated and profitability challenges across the industry.

The company will no longer pursue plans to open a third greenhouse in Niagara-on-the-Lake, Ont.

Canopy also says it will record an estimated pre-tax charge between $700 million and $800 million for its quarter ending Mar. 31.

All of the moves are part of Canopy's effort to align supply and demand while improving production efficiencies.

Source : FCC

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.