Tilray, with their headquarters out of Canada, is a Pharmaceutical company, with operations in 7 countries. They are a global leader when it comes to many aspects of cannabis, including research, cultivation, processing, and distribution.
In their medical facility in Cantanhede, Portugal location, they employ roughly 200 people. In order to keep up with the demand changes in our current economy, Tilray will be laying off 49 jobs within the next few months. With the progression of legalization in both medical and adult-use cannabis, Tilray needed to make some changes to “rightsize” their medical facility by decreasing by nearly 25%. These changes will affect many areas of the company, from production, supply chain, to even IT positions.
CEO Irwin Simon has stated that they are considering producing fruits and vegetables, while waiting to see if the United States will legalize cannabis adult-use federally. This is to keep utilizing their facilities, rather than letting them sit idle.
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