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Beamsville Cannabis Operation Closes, 100 Staff Laid Off

Beamsville Cannabis Operation Closes, 100 Staff Laid Off

The Beamsville operation of cannabis firm Hexo Corp. is closing and 100 staff are out of work as a result of cost-cutting efforts announced Thursday by the Quebec-based company.

“People in upper in management who got their notice were just as upset as everybody else — everybody was stunned, there was a lot of crying,” said a Beamsville greenhouse worker who did not want to be identified because they are under a “gag order” until severance terms are arranged.

Gatineau-based Hexo said it’s cutting a total of 200 jobs to adjust for expected future revenues and ensure the long-term viability of the firm. It had 822 employees as of April 30, according to a filing from its third-quarter financial results.

– Read the entire article at Niagara Falls Review.

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