Canopy Growth cuts 500 jobs as it closes two cannabis greenhouses in Lower Mainland

At least one facility had been the subject of noise and light pollution complaints

A major cannabis producer closed two cannabis greenhouses in the Lower Mainland, leaving 500 people without work.

The announcement by Canopy Growth Corp. Wednesday said it would close a 1.3 million sq. ft. greenhouse in Aldergrove and a 1.7 million sq. ft. greenhouse complex in Delta.

“These actions are part of the company’s effort to align supply and demand while improving production efficiencies over time,” Canopy Growth said in a statement.

The move, which came nearly 1.5 years after recreational cannabis was legalized in Canada, came because of challenges with the pot market.

“The Canadian recreational market has developed slower than anticipated, creating working capital and profitability challenges across the industry,” the company said.

READ MORE: Aldergrove cannabis greenhouse target of noise complaints

Both operations were first up and running in February 2018, and accounted for approximately 3 million sq. ft. of licensed production space.

In recent years, the Aldergrove facility has come under fire from nearby residents bothered by its bright lights, odours, and noise emanating from the 30-acre operation.

CEO David Klein said the decision to downsize was not taken lightly and that it was necessary to allow the company to “maintain our leadership position for the long-term.”

Canopy Growth plans to refine its efforts to focus on outdoor production sites, which in turn, will be of less cost for the company – which operates 11 licensed cannabis production sites with over 4.7 million square feet of production capacity.

Federal regulations permitting outdoor cultivation were introduced after Canopy Growth made significant fiscal investments in Canadian greenhouse production, it said.

In addition to Wednesday’s closures, the company announced it no longer plans to operate a third greenhouse as planned in Niagara-on-the-Lake, Ontario.

READ MORE: Three million sq. ft. of marjiuana growing capacity in B.C.


Like us on Facebook and follow us on Twitter.

cannabis

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. firefighters only responding to most life-threatening calls during COVID-19 pandemic

The directive comes after province spoke with paramedics, fire services, according to top doctor

Surrey city council moving to virtual meetings

For public hearings, people can register to speak via telephone

‘An extra $220 every 90 days’: B.C. patients pay more dispensing fees due to prescription limits

Kelowna woman says it’s outrageous to charge for refills every 30 days

COVID-19: Daily update on the pandemic in Surrey, White Rock, Delta and beyond

APRIL 4: Two people in Delta fined for trying to re-sell N95 masks

33-storey highrise proposal coming to Surrey council, first of three phases

Second and third phases include 36-storey and 31-storey towers

‘Better days will return’: Queen Elizabeth delivers message amid COVID-19 pandemic

The Queen said crisis reminds her of her first address during World War II in 1940

Emergency aid portal opens Monday, cash could be in bank accounts by end of week: Trudeau

Emergency benefit will provide $2,000 a month for those who have lost their income due to COVID-19

Education, not enforcement: B.C. bylaw officers keeping a watch on physical distancing

A kind word, it turns out, has usually been all people need to hear

COVID-19: Hospitals remain safe for childbirth, say Vancouver Island care providers

North Island Hospital has been asked to share its perinatal COVID-19 response plan

Insurance shock for B.C. condo owners

Claim-free two-year-old townhouse complex told premium will nearly triple

Canadian cadets to mark 103rd anniversary of Vimy Ridge April 9 virtually

Idea of Captain Billie Sheridan in Williams Lake, B.C. who wondered what to do in times of COVID-19

B.C. VIEWS: Pandemic shows need for adequate care home staffing

Seniors in B.C. care homes face challenging times

Most Read