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Supreme Cannabis Company Inc. (The) T.FIRE

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The Supreme Cannabis Co Inc is a Canada-based company engaged in the production and sale of medical and recreational cannabis. Its portfolio includes products that address recreational, medical, and wellness consumers. Its brands include BlissCo, Truverra, 7ACRES, Sugarleaf, and Hiway.


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Supreme Cannabis Company Inc. (The) > Summary
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Post by jfogarty12on Feb 12, 2020 5:15pm
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Post# 30682223

Summary

SummarySupreme Cannabis to lay off about 100 staff amid drive to seek “revenue growth” 

Another day, another cannabis company reporting a round of job cuts. Supreme Cannabis is the latest pot company to announce layoffs, saying it would be trimming roughly 100 positions, equivalent to 15 per cent 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 about 77 per cent.
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