Another Cannabis Grower Takes Cost Reduction Measures Due To COVID-19 Concerns

Cannabis producer The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) is laying off employees and delaying the opening of a facility as a way to cut costs.

The move, announced Wednesday, marks yet another attempt by a cannabis company hoping to reduce expenses as a way to cope with current market conditions.

Green Organic Dutchman will delay the launch of its Valleyfield facility, and temporarily lay off the workforce there with plans to reestablish activities later this year.

The Mississauga, Canada-based company has joined other cannabis-related firms that have opted to trim staff due …

Full story available on Benzinga.com

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