Cannabis Update: Lay Offs, Facility Closures, Write-downs, U.S. Exchange Delisting, and Retail Store Closures
Aurora lays off 500 employees and writes down $1B; Hexo dismisses 200 employees and writes down $270M; Canopy closes two facilities with 500 employees and stops plans for third facility; many U.S. listed cannabis companies fall under $1/share; Canopy closes all retail stores. [more]