Canadian pot producer Canopy may face challenges offloading assets, CEO says

Canada's biggest cannabis producer, Canopy Growth Corp , could face challen...

), could face challenges offloading assets as it seeks to winnow its facilities down to focus on its most lucrative markets and products, its chief executive told Reuters.

“There’s not a lot of market demand for cannabis production facilities,” David Klein, former finance chief of the company’s biggest shareholder Constellation Brands , said in an interview. “There’s a lot of capacity in Canada and no logical buyers.” Canopy had cash and equivalents of C$1.56 billion as of December, down from C$2.48 billion at the end of March 2019.

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