Canadian cannabis company Atlas Global Brands is ceasing operations at a facility in Gunn, Alberta, and laying off 50 employees.
The company also recently parted ways with a key executive.
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Atlas said in a news release that it continues to focus on cost reductions, savings and production efficiencies.
“Ceasing operations at the Gunn, Alberta facility was an extremely difficult decision, that was not taken lightly,” CEO Bernie Yeung said in a statement.
“We are working diligently to strengthen our liquidity and secure our path for the future in a challenging market and believe ceasing operations in Gunn, Alberta is an important step towards executing on our objective of reducing costs, streamlining operations and increasing margins.”
Atlas said packaging activities are being relocated to its facility in Chatham, Ontario.
The facility in Chatham serves as Atlas’ Canadian hub for the processing of domestic and export-bound medical cannabis
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