Canopy Growth Corp (WEED)

[Bonno]

losses’

A line wrapped around Fire & Flower, a retail cannabis chain in Edmonton and one of six stores that opened in the municipality on the first day of legal recreational sales in 2018. (Photo by Kelsey McMillan)

Fire & Flower Holdings and its cannabis subsidiaries have received an initial order for creditor protection from a Canadian court after raking up significant net losses of more than 200 million Canadian dollars ($150 million) since 2018.

The Toronto-based company said it was granted the order by the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act, allowing it to maintain the status quo and consult with stakeholders with a view to continuing operations.