NetworkNewsBreaks – Supreme Cannabis Company, In
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Posted On: 02/12/2020 3:51:24 PM
NetworkNewsBreaks – Supreme Cannabis Company, Inc. (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) Implements New Operating Structure to Drive Efficiencies, Accelerate Profitable Growth
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the implementation of a new operating structure, including staff reductions, to drive efficiencies and support long-term, profitable growth. As previously announced on January 6, 2020, Supreme Cannabis’ leadership team is focused on achieving greater efficiencies and speed to market by rightsizing production, overhead and capital expenditures. “As Interim President and CEO, I committed to take immediate steps to position Supreme Cannabis for long-term success, including rightsizing the Company’s cost structure and focusing our efforts on near-term revenue-generating opportunities,” Supreme Cannabis Director and Interim President and CEO Colin Moore said in the news release. “Recent staff reductions were an extremely difficult decision for myself and the Board, but I believe them to be necessary to create a more agile, focused and profitable organization for the long-term benefit of all of Supreme Cannabis’ stakeholders. The changes we are implementing will empower our people, drive value for our shareholders and ensure that we continue to deliver a consistent and premium product to our consumers.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Supreme Cannabis Company (TSX: FIRE) (OTCQX: SPRWF) (FRA: 53S1) on Tuesday announced the implementation of a new operating structure, including staff reductions, to drive efficiencies and support long-term, profitable growth. As previously announced on January 6, 2020, Supreme Cannabis’ leadership team is focused on achieving greater efficiencies and speed to market by rightsizing production, overhead and capital expenditures. “As Interim President and CEO, I committed to take immediate steps to position Supreme Cannabis for long-term success, including rightsizing the Company’s cost structure and focusing our efforts on near-term revenue-generating opportunities,” Supreme Cannabis Director and Interim President and CEO Colin Moore said in the news release. “Recent staff reductions were an extremely difficult decision for myself and the Board, but I believe them to be necessary to create a more agile, focused and profitable organization for the long-term benefit of all of Supreme Cannabis’ stakeholders. The changes we are implementing will empower our people, drive value for our shareholders and ensure that we continue to deliver a consistent and premium product to our consumers.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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