CAN: CannTrust lays off 20% of staff after regulatory infractions

An Ontario cannabis producer is laying off about 180 people following repeated problems with both its product and how it has been produced.

“We have made the extremely difficult decision to restructure our workforce to reflect the current requirements of our business,” said Robert Marcovitch, interim head of CannTrust Holdings.

The layoffs amount to about 20 per cent of the company's workforce.

Earlier this week, the Ontario government's cannabis retailer said it would return almost $3 million worth of cannabis to the company after determining that some of the products didn't live up to the terms of its supply agreement.

The move by the province's crown corporation in charge of wholesale distribution and online pot retail was the latest setback for the cannabis producer, which continues to be under investigation by Health Canada.

Read more at bnnbloomberg.ca


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