More pain in store for Canadian marijuana companies after Aurora Cannabis, Tilray cut jobs

) rapidly expanded at home and overseas as capital flooded into the industry before legalization.

Lack of profitability is common in new industries, but a prolonged period of higher cash burn unnerves investors. An Aurora spokeswoman said the company was making “aggressive changes” because its previous cost structure was “misaligned with the current market conditions”. The cuts and existing financing will cover costs until it sees profits, she said.

Charas becho Canadian government ke jaisa.

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Aurora CEO Terry Booth steps down, company cuts 500 roles - Business InsiderThe CEO of cannabis giant Aurora just stepped down and the company is cutting 500 jobs as turmoil hits the industry Every business has its highs. And then on the other end.... Imagine losing money selling drugs. Round 2.
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »

Turmoil in the cannabis business has claimed another CEOAnother cannabis giant is shedding jobs, expenses and its CEO amid industry headwinds. Aurora Cannabis, a Canadian cannabis company that invested heavily in global expansion, announced late Thursday a comprehensive 'reset' of the firm.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »