Cannabis Industry Layoffs
The Cannabis industry did not have a good start in the new year. Tilray Inc. announced that it will be laying off 10 per cent of its staff.
Aurora Cannabis announced that it will be laying off 500 staff. Its CEO also stepped down. Sundial, based in Alberta, has laid off “less than 10 per cent” of its workforce. HEXO Corp shut down numerous facilities around Niagara Falls. All this comes amidst stocks continuing a decline in comparison to the initial prices. As a result of all these sudden changes, companies and employees as seeking legal advice on best steps to minimize legal and financial risk.
To speak to one of our Cannabis lawyers in Toronto about your legal matter, please contact 416 847 1859.