Cannabis Producer Canntrust Lays Off 180 Workers Right after Regulatory Complications

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CannTrust Holdings Inc. is laying off about 180 men and women — about 20 per cent of the Ontario-primarily based cannabis company’s workforce — following repeated difficulties with each its solution and how it has been developed.

The move is anticipated to outcome in annual money savings of about $9-million, as effectively as the corporation recording roughly $two-million in severance expenses, the pot producer stated.

Most of the impacted staff have been in cultivation and buyer service help roles.

“We have created the incredibly tricky choice to restructure our workforce to reflect the existing specifications of our business enterprise,” stated Robert Marcovitch, interim chief executive of CannTrust in a statement.

– Study the whole report at CTV News.



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