Calgary, Alberta-based cannabis producer Ogen has closed its doors, an executive announced, making the company the latest casualty in Canada’s cutthroat marijuana industry.
The closure affected 87 of the company’s workers, Ogen President Darren Brisebois said in a LinkedIn post.
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Ogen grew small-batch craft cannabis.
Brisebois didn’t say what prompted the privately owned business to close, but dozens of companies have exited the troubled Canadian cannabis industry in recent years.
Overheated competition, falling prices and regulatory and tax issues are often cited by businesses.
“November 3, 2023 was the most difficult day of my career. OGEN closed its doors and 87 people lost the place they came to work at every day,” Brisebois wrote.
“One thing is effortlessly clear to me. OGEN’s greatest asset(s) were the folks that walked through those doors.”
In his message, Brisebois urged other employers in the industry to consider hiring
Read full article on Marijuana Business Daily
