Canopy Growth confirmed “an individual” at their Smiths Falls, ON headquarters tested positive for COVID-19. Eight other employees who were on site are being tested.
Inside Ottawa Valley
- Some wondered if it was fair to call a situation in which only one person is confirmed sick “an outbreak.”
Twitter–@mmjmikeelkin
In Other Sector News:
Narbe Alexandrian, CEO of Canopy’s investment arm Canopy Rivers, argued the collapse of the REC market proved “vertical integration doesn’t work.”
Yahoo Finance
Lift & Co has laid off most of its staff, while those who’ve stayed have accepted stock options over wages. The company was already struggling last year ahead of the COVID pandemic, and made an unspecified number of layoffs (rumoured to be much of Lift’s workforce) in March.
PuffPuffPost, Twitter–@itsdgc
Kaitlin Dobler, who recently stepped down as Aurora‘s product education manager, hit back against sector analyst/critic Rob “BettingBruiser” Doxtator.
- In a letter posted to Twitter, Dobler dismissed Doxtator’s criticisms of her as a “[fabricated] narrative,” called his attacks “creepy”, and said Doxtator’s comments prompted his followers to harass and threaten her.
Twitter–@KaitlinDobler - Doxtater responded with his own Twitter letter accusing Dobler of nepotism, then identified a variety of those who took Dobler’s side and attacked each of their characters individually.
Twitter–@BettingBruiser
Zenabis reduced its asking price for its 25,000 sq. ft. cultivation and processing facility in Delta, BC from $12.75M to $11.5M. Though the space is licensed, licenses are not transferable.
The Deep Dive
LP stocks began rising in April and May after twelve months of decline, but New Cannabis Ventures’ Canadian Cannabis LP Index declined 11.4% in June. The index has declined 68.4% over the last year.
New Cannabis Ventures
