Food businesses have had to get creative these past two years and, fortunately for the foodies in the region, the fun hasn’t stopped.
Under the agreement with a limited number of noteholders, the Smiths Falls-based cannabis company will acquire the 4.25 per cent unsecured convertible senior notes due in 2023.
The Smiths Falls-based cannabis company says it had a net loss of $578.6 million for the quarter ended March 31 compared with a net loss of $616.7 million a year earlier.
Jetty is known for making solventless vapes, unrefined resin, small-batch concentrates and infused pre-rolls, which Canopy says it could bring to the Canadian market through this deal.
Smiths Falls-based cannabis firm said cuts are a key piece of a plan that will also see the company retool its facilities, review procurement strategies and reduce other expenses.
Smiths Falls-based cannabis producer warned Wednesday that market headwinds could hamper its ability to be profitable in Canada.
Smiths Falls-based cannabis company previously predicted it would be profitable in the second half of its 2022 financial year, but now says reaching that goal will take longer.
Since posting his first video in March, Corey McMullan has gained nearly 44,000 followers, and his posts have generated nearly half a million likes.
Cannabis company says it remains on the path to profitability in the coming fiscal year.
The loss amounted to $2.43 per diluted share for the quarter ended Dec. 31, compared with a loss of $109.6 million or 26 cents per share a year earlier.