Tilray Medical Marijuana Company Lays Off 61 in Nanaimo

One of Vancouver Island’s largest medical marijuana growing companies announced Thursday it is laying off 61 employees.

Tilray opened its Nanaimo facility in 2014 and at its peak employed nearly 200 people, giving it a high profile as a major employer in the region.

The company insists the layoffs will not have any impact on “the thousands of patients we serve,” according to a statement from Tilray CEO Greg Engel.

“Tilray is making changes to our operating model to more efficiently serve patients and the MMPR market as it exists today,” Engel wrote.

“Tilray is well-capitalized and confident in our long-term business strategy, and we are operating more efficiently than ever before.”

– Read the entire article at CBC News.