Canopy Growth posts bigger quarterly loss, plans more layoffs

(Reuters) - Pot producer Canopy Growth Corp posted a bigger third-quarter core loss on Thursday, and said it would reduce its workforce by about 60% as part of its cost reduction program.

The Ontario-based company's adjusted core loss widened to C$87.5 million ($65.29 million) in the quarter ended Dec. 31, from C$67.4 million a year earlier.

($1 = 1.3401 Canadian dollars)

(Reporting by Ankit Kumar; Editing by Maju Samuel)