Global News: Canopy Growth has closed large greenhouses in Delta and Aldergrove, B.C.
The cannabis company says the closures have resulted in the elimination of approximately 500 positions.
In addition to the closures in B.C., the company says it no longer plans to open a third greenhouse in Niagara-on-the-Lake, Ontario.
Canopy Growth CEO David Klein said in a statement that a review by the company found that the B.C. facilities are “no longer essential to its cultivation footprint.”
“Nearly 17 months after the creation of the legal adult-use market, the Canadian recreational market has developed slower than anticipated, creating working capital and profitability challenges across the industry,” Klein said. read more
Hey Davey –
Up there isn’t it Molson’s or Labatt’s and not the wacky weed?
500 people went to work today and saw a sticky note on the door that said “Dave’s not here, man.”
I bet half of them show up tomorrow to see if he came back.
what? too much Greenhouse Gas?
@Burr ~ lmao … I’m guessing it all just went ‘up in smoke’
Funny, Mrs.RadioMattM and I went for a drive over the weekend and we happened to pass by the facility in Aldergrove (or is it Aldergroove?). I didn’t even know it existed. I am sure the neighbors will be happy — there was a certain order about the place.
The facility was less than a mile north of the Aldergrove border crossing. I have seen prisons that had less barbed wire surrounding them.
This one commenter pretty much said it all:
Bob Fox
LMFAO!! but what happened to, “this will eliminate the black market!!” Government would ef up boiling water if they were in charge of that…
That’s like, a bummer man.
Only in Canada can you take the most anticipated product rollout in decades, make it legal, and then create market situations that cause all the legal producers to fail miserably while increasing the profit & size of the illegal market.
Drug dealers now days drive it right up to your house and usually have chips, m&m’s, and munchies in the trunk for a bit of value added customer service.
Meanwhile, Canada has legal mail order delivery that you must order 2 days suggested ahead of time.
I wonder who Turdo is going to blame for this.
Everywhere you go, especially driving, you smell weed in Toronto. Now that it is legal, you drive behind a car with a window slightly opened and the haze from inside coming out.
Dude….where’s my car? Eh?
“Canadian recreational market has developed slower than anticipated…”
In other words people are growing their own.
Questions for our northern neighbor friends: Have the sales of pemmican and seal blubber gone up? How about Tim Horton’s doughnut sales?
Economic rules apply. If the legal product is overpriced, the illegal product, which is cheaper, will sell.
It’s not just legal versus illegal. It comes down to quality at some point. I can go to the MFA and buy hay — but it’s straw. And if I buy straw it’s hay.
What were we talking about, again?
Sorry, I’m a’making a bad joke about Mary Jane. Bad Mary Jane is called hay.
If your best legal shit is hay you will lose market share.
I’ll remain Anonymous on this post.
Not that I know anything about it.
Don’t legalize it and sell shitty weed.
Sell good weed and you will have return customers
Go home key beckers,eh. We don’t need your stinking frog weed around here anyway.
Dave. Dave’s not here
500 people are unemployed but they’re so stoned they don’t care. They do have a bad case of the munchies though.
Weed… they call it weed… like… weed… it isn’t hard to grow, even really hot stuff. There’s a market but it’s much smaller than the dopers think. I do a five plant hydro for personal and have monstrous demand. No sales though.
#Uncle Al
You got a source for that seal blubber?
I been longing for some for a while now, eh?