Toronto-headquartered cannabis company Flowr Corp. is slashing its workforce and pulling out of noncore markets – including Australia, Uruguay and Spain – as part of a strategic review intended to put the business on firmer financial footing.

The recreational and medical cannabis producer said it is in the process of selling TCann Pty, which holds medical cannabis licenses in Australia. It’s also in the process of selling the Australian license held by Holigen, a subsidiary.

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