The Beamsville operation of cannabis firm Hexo Corp. is closing and 100 employees are out of function as a outcome of expense-cutting efforts announced Thursday by the Quebec-primarily based corporation.
“People in upper in management who got their notice have been just as upset as everyone else — everyone was stunned, there was a lot of crying,” stated a Beamsville greenhouse worker who did not want to be identified for the reason that they are beneath a “gag order” till severance terms are arranged.
Gatineau-primarily based Hexo stated it is cutting a total of 200 jobs to adjust for anticipated future revenues and make sure the lengthy-term viability of the firm. It had 822 personnel as of April 30, according to a filing from its third-quarter economic final results.
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