Supreme Cannabis Company Lays Off 15% Of Staff

The Supreme Cannabis Company (TSX:FIRE) became the latest Canadian cannabis producer to announce layoffs Tuesday – an epidemic of cost cutting measures spreading across an industrial environment full of well-backed cultivators who have all struggled to turn a profit. By Supreme Cannabis’ own count, they laid off 33% of their corporate staff and 13% of their operational staff, amounting to 15% of the total staff. The “rightsizing of production, overhead and capital expenditures,” comes only 13 days after Supreme sent around an email celebrating the completion of construction at their 7 Acres facility in Port Elgin, ON, and two days before the company is due to report its financial…

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Source : CANNANNEW REPORT
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