Working as a leading brand pioneering in the cannabis business globally, Aurora Cannabis has announced to execute a major layoff of 214 workers in its Aurora Sky facility, the flagship store of the marijuana firm. The Edmonton-based entity has reduced the operations of Aurora Sky by 75%, and this drastic step has put the cannabis domain in a state of shock. The firm started the year with some big layoffs and continued to follow the same at the closure of the year too.
According to the statement made by Michelle Lefler, the spokesperson of Aurora Cannabis, the team has shut stopped the operations of the Aurora Sun facility, followed by the reduction of production capacity of Aurora Sky. The team mentioned the retirement of Chief Science Officer Jonathan Page and added that the spearhead would participate as an advisor for the team.
Lefler added that the strategized decision of reducing the workforce capacity would aid the firm to emphasize its ‘premium flower venture.’ This project will be massive and structured on an 800,000-square-foot space close to the Edmonton International Airport region. The decision will help the firm expand its operational capacity in terms of sales to meet the emerging needs of the cannabis industry. The revamped Aurora Sky chain will work as the premium ground for delivering the best quality products to the customers that will be innovative and with high expertise.
The firm has been involved in big layoffs throughout the year, which signaled the serious issues it faced. In June, Aurora removed 700 workers, whereas, in February, it took away the jobs of nearly 340 employees. The team conveyed its plans to shut stop the operations of clusters located in Saskatchewan, Ontario, Alberta, and Quebec. In a recent statement, the cannabis giant revealed that it faced a whopping $3.3 Billion worth of losses in the 2020 fiscal. The latest quarter showed a $1.86 loss accrued due to big impairment expenses.
The decision to close the Aurora Sun facility in Medicine Hat was announced in November that laid off 30 workers. The Aurora officials stated that the layoff decisions would help the entity invest the funds in the international medical market space. This will aid the firm to reap the benefits of the fast-growing industry.