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Cronos Group to begin winding down, exiting US hemp-derived CBD operations by end of Q2 2023; company to invest in R&D, product development in Canada in a manner that will prepare it for potential launch of a nationwide THC market in the US

Austria-based Constantia Flexibles, Germany-based All4Labels and Netherlands-based Weener Plastics may be sold, as the packaging sector is entering a phase of restructuring and consolidation, German paper Handelsblatt reports

Eniyud Community Forest in Williams Lake, British Columbia becomes limited partnership; ECF was formed in 2007 by Tsi Del Del First Nation and Tatla Resource Assn., and becoming an LP has tax advantages, provides liability protection for the partners

Gap's Q1 net sales fall 6% year-over-year to US$3.28B --declining less than last year-- amid restructuring efforts, easing supply chain costs; all four brands saw decline in sales as company struggles to update its inventory, match consumer trends

Nampak is preparing to undertake a rigorous cost reduction program, business remodeling and significant reduction in net working capital, says interim CEO; company plans to merge BevCan and DivFood divisions into one entity, slash jobs, freeze salaries

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