canopy growth corp cgc said thursday it plans to reduce headcount by 800 positions as part of an effort to cut costs the cannabis company which faces a challenging cannabis market in canada said its thirdquarter revenue fell 28 from the yearago period while its net loss widened canopy growth said its loss for the three months ended dec 31 increased to c26158 million or 54 cents a share from a loss of c1089 million or 28 cents a share in the yearago quarter net revenue dropped to c1012 million from c141 million analysts expected canopy growth to lose 21 cents a share on revenue of c1169 million according to estimates compiled by factset canopy growth stock rose 15 in premarket trades