Zenabis Stock Tanks After Announcing Further Lay-Offs

Zenabis stock is sinking on Thursday after the company announced that it was laying off a further 22% of its staff, roughly 175 positions, as well as putting its Delta, BC facility on the market as part of the latest round of cost-cutting measures. Zenabis Stock at All-Time Low In a corporate update released after the bell on Wednesday, Zenabis Global (TSX:ZENA) (OTCPK:ZBISF) identified a number of “departmental restructuring initiatives” it will undertake in order to turn cash-flow positive by the end of the year. The biggest cost-cutting measure is the reduction of the company’s corporate … Read The Full Article On PotStockNews.com Get the latest marijuana stock news, cannabis on stock news on PotStockNews All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.

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