“In the spirit of continuous optimization for efficiency and effectiveness, Sundial has made some organizational changes,” the company said in a prepared statement.
“This has resulted in the reduction of staff positions at our Alberta operations of less than 10 per cent of our workforce.
“As part of our commitment to long-term sustainable growth, it is important we remain agile in responding to the evolving cannabis market conditions by controlling costs to balance supply and demand.”
The company declined to say how many of the laid off workers are at the Olds facility, located in southeast Olds off Highway 2A.
The layoffs come as the cannabis industry faces a number of economic challenges, the company said.
“We are doing this partially in response to challenging industry conditions, largely the because of regulatory delays that have resulted in fewer than anticipated stores across the country,” the statement reads.
“This in turn has generated lower than expected sales for all players. The organizational changes will have no impact on the quality of our products.
“We are proud of the hundreds of jobs that we have directly and indirectly created in Alberta.”
