Friday, June 30, 2023 12:02:40 PM
Cannabis company Canopy Growth sells California facility, changes auditors
SMITHS FALLS, Ont. - Canopy Growth Corp. says it has completed the sale of its facility in Modesto, Calif.
By The Canadian Press
Thursday, June 29, 2023
1 min to read
Article was updated Jun 29, 2023
SMS
Copy article link
Save
JOIN THE CONVERSATION
2023062909060-649d8136b236906ae29cad90jpeg
Staff work in a marijuana grow room that can be viewed by at the new visitors centre at a Canopy Growth facility in Smiths Falls, Ont. on Thursday, Aug. 23, 2018. Canopy Growth Corp. says it has completed the sale of its facility in Modesto, Calif.
Sean Kilpatrick / THE CANADIAN PRESS
SMITHS FALLS, Ont. - Canopy Growth Corp. says it has completed the sale of its facility in Modesto, Calif.
The cannabis company is selling some of its facilities as part of an organizational transformation announced last year to help cut spending.
It says it has now sold five facilities for $81 million since April 1.
ARTICLE CONTINUES BELOW
Canopy expects to raise up to $150 million from facility sales by Sept. 30.
The company also announced the appointment of PKF O’Connor Davies LLP as its accounting firm and accepted the resignation of KPMG LLP from the role.
Canopy says the move reflects a joint decision between the company and KPMG.
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM