The parent company of the 7 Acres cannabis production facility in Kincardine has announced staff reductions as part of a new operating structure.
Supreme Pharmaceuticals said it has optimized the organization, which has resulted in a 33 per cent reduction in employees at the corporate level. It has also reduced the number of positions at the operational level by about 13 per cent. Across the company, the total number of positions has decreased by approximately 15 per cent.
The company issued a statement on its website that said under the new optimized organization, reporting structures at the corporate level are being streamlined and vendor contracts and support services have been rationalized
“As interim president and CEO, I committed to take immediate steps to position Supreme Cannabis for long-term success, including rightsizing the company’s cost structure and focusing our efforts on near-term revenue-generating opportunities,” said Colin Moore, director, interim president and CEO. “Recent staff reductions were an extremely difficult decision for myself and the Board, but I believe them to be necessary to create a more agile, focused and profitable organization for the long-term benefit of all of Supreme Cannabis’ stakeholders. The changes we are implementing will empower our people, drive value for our shareholders and ensure that we continue to deliver a consistent and premium product to our consumers.”