NAPANEE – About two-thirds of workers at the cannabis company Vivo Cannabis grow plant in Napanee have been laid off as part of a company-wide restructuring.
About 40 of the approximately 60 people working at the Vanluven Road facility have been made redundant. The layoffs at Vivo, formerly ABcann Medicinals, were part of an 18 percent reduction in the company’s total workforce.
“Our goal is to make Vivo a stronger, more focused company by leveraging synergies between our business units and adapting to market realities,” said CEO Barry Fishman in a press release. . “This involves making the difficult decision to downsize, a decision that was not taken lightly, and we remain grateful to everyone involved for their previous efforts and contributions.”
Last year, the company completed a $ 30 million expansion at the Napanee plant that added three exterior air chambers.
The layoffs are part of a company effort to cut costs and “streamline” its organization.
According to the company, the Napanee facility will focus on low-cost cultivation and extraction and manufacturing of the company’s growing line of cannabis concentrates.
Elliot Ferguson /
Elliot Ferguson / Whig-Standard