The Star writes, CannTrust Holdings Inc. is laying off about 180 individuals — about 20 per cent of the Ontario-primarily based cannabis company’s workforce — following repeated complications 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 charges, the pot producer stated.
Most of the impacted staff have been in cultivation and client service assistance roles.
“We have produced the exceptionally hard selection to restructure our workforce to reflect the present specifications of our company,” stated Robert Marcovitch, interim chief executive of CannTrust in a statement.
Study the complete report https://www.thestar.com/company/2019/09/05/cannabis-producer-canntrust-lays-off-180-workers-soon after-regulatory-complications.html
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Bloomberg reported that Canntrust employees brought black market place seeds into the expanding facility at Pelham, Ontario. Their sources say that staff brought in as numerous as 20 illegal strains and changed their names to these that the corporation was licensed to sell.
More than a thousand illegal plants have been grown and flowered at CannTrust’s facility. It is unknown how numerous of the plants have been truly sold, but Bloomberg spoke with sources with direct know-how about the operations.
These sources stated that many unauthorized strains re-labelled below the “Cannatonic” strain entered the recreational market place. “Citradelic Sunset” and “Code Black OG” have been amongst the illegal strains that have been relabelled.
Source https://www.narcity.com/news/ca/on/canntrust-probe-continues-as-the-ontario-corporation-is-caught-with-black-market place-weed