A Canadian cannabis company that is ratcheting back its marijuana business, The Green Organic Dutchman (TGOD), apparently has no plans to slow hemp production.
The news comes as TGOD suspended production at its processing facility in Quebec and is laying off staff.
CEO Brian Athaide also noted in a statement that “multiple factors, most particularly the COVID-19 pandemic, are contributing to an environment in which we must be extremely prudent with how we manage our cost structure.”
The layoffs affected about 30 employees, Marijuana Business Daily reported.
The Green Organic Dutchman trades on the Canadian Securities Exchange as TGOD.