Ontario, Canada-headquartered cannabis company Aleafia Health said it cut its “full-time equivalent” staff headcount by 20% during the quarter ended Dec. 31 as part of a push to reduce expenses.
Aleafia did not specify in its Monday announcement exactly how many positions were cut during the quarter.
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The layoffs at Aleafia are the latest example of an ongoing trend in the regulated cannabis industry, leading to recent job losses at Aleafia’s Canadian competitor Canopy Growth as well as U.S. marijuana companies such as Columbia Care, Curaleaf Holdings and Trulieve as well as ancillary firms including Dutchie, Leafly and WM Technology.
Aleafia slashed its “full-time equivalent headcount” by 36% over the course of 2022, a reduction of 89 jobs to 162 positions, according to a regulatory filing.
In its Monday earnings release, Aleafia proclaimed its second quarter in a row of positive adjusted earnings before interest, taxes,
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