Two weeks ago, BC LP Pasha laid off a dozen of its 50 employees, mainly in communications and client services, calling six of them back on a commission basis, as it shifted focus to producing pre-rolls.
The Deep Dive, MarketWatch
- Based in Saint John, Civilized had received $200,000 in public funds from the province of New Brunswick.
- A former employee said the company was having trouble generating ad revenue due to Health Canada’s strict prohibitions on advertising cannabis.
CBC New Brunswick
Ernst Young cannabis manager Ashley Chiu warned—of the sector in general—that “30-40% of these companies won’t be around in a year. It will come down to execution and whether these companies have a differentiated strategy and a road to profitability.”
- Now that cannabis is legal, the next hot investment for canna-executives is psychedelics, which show therapeutic promise despite illegality.
Globe and Mail