Lay Offs Are Happening Across The Industry The cannabis industry has been facing a lot of layoffs recently, and Trulieve is not the only company initiating downsizing efforts.
Aleafia Health ALEAF revealed via its February-released earnings that it had to let go 20% of its workers.
SNDL Inc. SNDL -3.30% + Free Alerts has initiated a headcount reduction of approximately 85 employees at the Olds, Alberta facility as a part of a larger phased cost savings program that is expected to deliver close to $9 million in savings across labor and operational costs.
Canopy Growth Corporation CGC -1.56% + Free Alerts intends to close its 1 Hershey Drive facility in Smiths Falls, Ontario, in addition to reducing headcount across the business by approximately 60%.
Tilray Brands TLRY -0.55% + Free Alerts announced in January, it will lay off 49 employees at medical cannabis cultivation and manufacturing facility in Cantanhede, Portugal.
Clever Leaves CLVR -1.85% + Free Alerts recently confirmed the wind-down of all operations in Portugal as part of its ongoing restructuring initiatives, under which it had to lay off 63 employees.
Columbia Care Inc CCHWF is laying off numerous workers at its Saxton facility, per data from the Department of Labor & Industry; 73 employees will be let go effective February 28.
LeafLink, an online wholesale cannabis platform, laid off 80 workers on December 15th.
WM Technology Inc. MAPS +0.20% + Free Alerts cut 25% of its workforce, amounting to 175 employees.
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