https://cannabisexaminers.com/wp-content/uploads/2020/06/2020-06-23T153542Z_1_LYNXMPEG5M1HE_RTROPTP_3_USA-STOCKS.JPG
SHARE



by

FILE PHOTO: The Logo for Aurora Cannabis Inc., a Canadian licensed cannabis producer, is displayed on a screen on the floor of the New York
FILE PHOTO: The Logo for Aurora Cannabis Inc., a Canadian licensed cannabis producer, is displayed on a screen on the floor of the New York

(Reuters) – Aurora Cannabis said on Tuesday it will lay off a big part of its workforce and plans to shut five facilities over the next two quarters, as the cash-crunched cannabis industry finds itself scrambling to cut costs amid the coronavirus pandemic.

The Canadian pot producer said it has cut its selling, general and administrative workforce by 25% and will lay off another 30% of its production staff over the next two quarters.

(Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli)


SHARE

Leave a Reply