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Cannabis Producer Weedmd Shutters Bowmanville, Ontario Facility

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NEWS BRIEF Cannabis producer WeedMD shutters Bowmanville, Ontario facility

Published 2 seconds ago | By Solomon Israel

Canadian marijuana producer WeedMD is closing a facility in Bowmanville, Ontario in order to centralize medical cannabis distribution at its Aylmer, Ontario site.

WeedMD “has offered relocation and severance packages, where applicable, to about 20 employees,” the company said in a Thursday news release. “All our Bowmanville employees were invited to apply for open positions at our other sites — for which we offered relocation packages where applicable,” wrote WeedMD spokeswoman Marianella delaBarrera in an email to Marijuana Business Daily.

“Unfortunately, with our London, (Ontario)-area facilities located over 250 kilometers west of Bowmanville, the majority opted for severance packages as they did not wish to relocate.”

The 14,850-square foot Bowmanville facility was used for “product research, processing and fulfillment,” according to a regulatory filing.

In addition to its remaining Aylmer facility, “which specializes in cannabis extraction and processing,” WeedMD also operates a greenhouse and outdoor cultivation facility in Strathroy, Ontario.

WeedMD characterized the closure as part of a plan “to maximize the utilization of its facilities, improve operational efficiencies and further align its cost structure while focusing on growth, following the successful integration of WeedMD and Starseed Holdings Inc.”

The company acquired the Bowmanville facility as part of the deal with Starseed, which was announced in late 2019.

The facility closure comes days after WeedMD appointed executive chairman George Scorsis as interim CEO.

Source: https://mjbizdaily.com/cannabis-producer-weedmd-shutters-bowmanville-ontario-facility/

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