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
- One arrested, two suspects sought for carjacking of mother and three year old daughter in Mississauga
- More parkland is coming to one of Mississauga’s busiest neighbourhoods
- Province confirms route for new highway that will run through Peel
- Province says two-way, all-day service in the works for GO Train line that runs through Mississauga
- Peel District School Board says parents have 10 days to decide whether or not to send their children back to class