Supreme Cannabis layoffs: A deeper look

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 … Continue reading Supreme Cannabis layoffs: A deeper look