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Wednesday, February 12, 2020

Job Loss at 7 ACRES in Tiverton

Tiverton | by Megan Johnson  
The company says 15 percent of its employees including corporate and production staff will lose their jobs
Bayshore Broadcasting File Photo. 

Supreme Cannabis Company, owner of Tiverton's marijuana facility 7 ACRES, is cutting 15 percent of its employees.

It follows a recent trend by Canadian licenced producers to try to cut costs to show investors a pathway to profitability.

7 ACRES had 700 employees going into 2020 and Supreme says it will lose 33 percent of its corporate-designated jobs, while about 13 per cent of its production staff will be reduced. 

In a notice to employees 7 ACRES General Manager Dan Sippel says the company is focusing on a new corporate structure with a focus on "accelerating revenue and optimizing costs".

"To support our new corporate structure, we had to make the difficult decision to reduce the number of employees," said Sippel.

Editors note: It was incorrectly stated that some "processing" jobs" of the "manufacturing capacity"  would now take place at the Blissco Facility in Kitchener.

 

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