Yet another cannabis company reporting a round of job cuts.
Supreme Cannabis (
T.FIRE) is the latest cannabis company to announce layoffs, saying it would be reducing roughly 100 positions, equivalent to 15 percent of its staff as it looks to focus on “near-term revenue growth.” Supreme also said it will stop investing in its UK and European cannabis operations, while maintaining its existing investments in Lesotho and its Truverra CBD business.
Shares of Supreme have been in a downward spiral over the past year, declining by over 75 percent.
BNN Bloomberg
reports.