Cannabis company cancels plans to expand into NOTL

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A cannabis company is closing two Canadian greenhouses and scrapping plans to expand into Niagara-On-The-Lake.

Canopy Growth officials are closing two BC facilities, resulting in the loss of 500 jobs.

The company was planning to build a third greenhouse in Niagara-On-The-Lake, but will no longer be doing so.

In a release, officials say the moves are part of the company's efforts to 'align supply and demand' as the Canadian recreational market has developed slower than anticipated.

Canopy Growth will continue to operate an outdoor growing site that representatives say is more cost-effective.