Cannabis producer from Alberta confirms layoffs

by Team Inc.

2020-01-24-Alberta cannabis producer confirms layoffs

Alberta-based cannabis producer Sundial confirmed last week that it has laid off about 10% of its workforce. This is evident from a statement the company gave Global News: “In the spirit of continuous optimization for greater efficiency and effectiveness, Sundial has made some organizational changes. It is important that we remain alert to the reality of the ever-evolving cannabis market. ”

With this, the cannabis producer is probably referring to technological changes and developments, which means fewer people are needed. CEO Torsten Kuenzlen told Global News that the redundancies were a necessary step in the interests of the company, investors and customers in the long term. Legal barriers have delayed the cannabis industry, which has resulted in fewer cannabis stores across the country. That is why last year's turnovers were lower than expected. He added that the popularity of the black market is also affecting new license producers.

Despite the headwind in the industry, registered sundial in our most recently reported third quarter from July to September as a listed company in Canada alone selling recreational cannabis products in excess of $ 28 million.

Read more globalnews.ca (Source, EN)

Related Articles

Comments

[adrate banner="89"]