Oct 23 (Reuters) – Canadian hashish producer Hexo Corp HEXO.TO stated on Thursday it minimize 200 jobs because it controls prices amid slower than anticipated retailer rollouts and because the authorities delays approval for hashish by-product merchandise.
The corporate additionally introduced the departures of Arno Groll, chief manufacturing officer and Nick Davies, chief advertising and marketing officer, and the elimination of some government positions.
The corporate had withdrawn its 2020 forecast, earlier this month, blaming an unsure surroundings.
(Reporting by Shanti S Nair in Bengaluru; Modifying by Shailesh Kuber)
((ShantiS.Nair@thomsonreuters.com; +1 646 223 8780 Ext: 7208;))
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