Aurora Cannabis has minimize a bit greater than 200 positions because it reduces manufacturing at its flagship marijuana greenhouse in Edmonton, Alberta, to only a quarter of its capability, Marijuana Business Daily has realized.

Separately, the corporate’s chief science officer, Jonathan Page, can be leaving.

The recent spherical of layoffs comes weeks after the corporate paused operations “indefinitely” at its large greenhouse in Medicine Hat, Alberta, to economize and deal with an industrywide provide glut.

The supply-demand imbalance is a outcome of a yearslong constructing spree by Canadian producers forward of legalization in late 2018 that produced tens of millions of sq. toes of pointless greenhouse capability.

That finally become direct actual property losses value tens of millions of {dollars} and write-downs value billions.

In a press release to MJBizDaily, Aurora CEO Miguel Martin mentioned the corporate’s current strikes are half of administration’s plan “to evolve our operations network to be more aligned to sales trends and more dynamic in its ability to meet the evolving needs of the consumer.”

The Aurora Sky facility will now function at solely 25% of its potential capability, the corporate confirmed.

The transfer is a serious pivot for Aurora, which spent years and at the very least 150 million Canadian {dollars} ($120 million) constructing the construction – lengthy touted by the corporate as its flagship greenhouse.

The facility initially was estimated to price CA$110 million and produce some 100,000 kilograms of hashish yearly.

Aurora’s administration on the time expressed confidence within the large mission, saying in a regulatory submitting that they count on “a full payback on this project in a very short number of months” after reaching full manufacturing.

Aurora, nonetheless, has misplaced billions of {dollars} since then.

Martin, who took over as CEO solely three months in the past, mentioned it’s “critical” for Aurora to “realign our operations at our sky-class facility, Aurora Sky.”

“Aurora Sky will undergo a series of changes to advance its production success,” he mentioned within the assertion.

“The operational excellence of Aurora Sky is core to our technique and progress ambition, which features a larger deal with delivering top quality, premium merchandise and innovation led by deeper plant science and genetics experience.

“The required adjustments are anticipated to ship measurable ends in early 2021.

“Regretfully the changes at Aurora Sky will result in a reduction of our workforce. This is a difficult decision but one we must make for the health of our entire business.”

An Aurora spokesperson additionally confirmed Page’s departure to MJBizDaily.

Reached by MJBizDaily, Page mentioned it was his determination to go away the corporate, which he joined in 2018.

Aurora acquired Anandia Labs, which Page co-founded, in 2018, and former CEO Terry Booth appointed Page as chief science officer later that 12 months.

Page mentioned he’s leaving as CSO on Dec. 18 however will proceed serving a consulting position.

“Within the industry, we’ve struggled with some of the stuff that’s gone on, but I do think we are heading in the right direction,” he mentioned.

Aurora’s “science focus is accelerating in a good way,” he added.

Aurora trades as ACB on the Toronto Stock Exchange and the New York Stock Exchange.

Matt Lamers is Marijuana Business Daily’s worldwide editor, based mostly close to Toronto. He may be reached at [email protected].

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