Report: Canopy Growth Trims Latin American Team As Region Struggles With Regulations

By J Rodrigo Safdiye.

Canopy Growth Corp (NYSE: CGC), a Canada-based cannabis multinational, is laying off 15% of its workforce in Latin America, citing concerns around the region’s regulatory infancy and the company’s intent to focus on near-term revenue-generating investments, according to a report by Marijuana Business Daily

The company has narrowed its Latin American workforce from 92 to 78 employees, Niklaus Schwenker, director of communications and strategy for Canopy Growth Latin America, reportedly said in an email. 

The company completed “limited adjustments” to its Latin American structure “to streamline operations and prioritize key markets.”

One of the countries most affected by the layoffs is Argentina, although the company remains active through its regional team.

Colombia, however, remains a priority, as well …

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More Report: Canopy Growth Trims Latin American Team As Region Struggles With Regulations