SNDL Reduces Workforce by Over 30% at Kelowna Manufacturing Facility
Canadian cannabis producer SNDL has announced a significant workforce reduction exceeding 30% at its manufacturing facility located in Kelowna. This move is part of a broader cost-cutting strategy implemented by the Alberta-based company to improve operational efficiency. The restructuring follows reports that the company's third-quarter profitability was negatively impacted by specific financial headwinds, including a C$52 million charge. The layoffs reflect ongoing efforts within the cannabis sector to manage margins amidst shifting market conditions.
Topics: cannabis industry cost-cutting layoffs manufacturing