Atlas Global is laying off around 50 workers and shutting down a cannabis facility in rural Alberta.
The site in the hamlet of Gunn, Alta., about 60 kilometres northwest of Edmonton, both grew and packaged cannabis. The company announced last week it will move all packaging operations to Chatham, Ont.
In a news release Friday, Atlas Global CEO Bernie Yeung said shutting down the Alberta facility was difficult but necessary.
“Ceasing operations in Gunn, Alberta is an important step towards executing on our objective of reducing costs, streamlining operations and increasing margins,” he said.
The cuts come amid an industry slump marked by layoffs in the past year at Edmonton-based Aurora Cannabis and Calgary-based SNDL.
