Major cannabis company cuts workforce
TORONTO -- The Supreme Cannabis Company Inc. says it has cut about 15 per cent of its workforce.
The Toronto-based company says it slashed about one-third of its corporate positions and 13 per cent of operational ones.
The move comes as the company adopts a new structure aimed to accelerate revenue growth in Canada.
Supreme's layoffs follow mass cutbacks in the industry in recent weeks with some experts predicting more to come this year.
Aurora Cannabis Inc. recently slashed 500 staff jobs and Tilray Inc. said it would lay off 10 per cent of its workforce.
Sundial Growers also cut some of its staff recently.
- Major cannabis company laying off 500 employees
- Median price of dried cannabis dropped 25 per cent in Ontario last year: OCS
- Major Company With Mississauga Facilities Set to Cut 700 Jobs
- Canada Goose cuts 125 staff, L Brands closing some Victoria's Secret stores
- Leon’s Furniture cutting half of its staff, closing 72 corporate stores
- Rental prices falling as the year winds to a close in Mississauga
- COVID-19 outbreak declared at ICU in Mississauga Hospital
- COVID-19 numbers in Peel Region continue downward trend
- Almost all illegal guns coming into Mississauga and Brampton are from the U.S.
- Employee of Mississauga No Frills tests positive for COVID-19