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Fire & Flower is seeking to lay off an unspecified number of employees, and get out of leases for several of its 80 stores across the country.

Fire & Flower is seeking to lay off an unspecified number of employees, and get out of leases for several of its 80 stores across the country.

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The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer ALANA PATERSON/The New York Times News Service Shifting brand loyalty and increasing popularity for better-quality cannabis products are hampering the growth prospects of some of the largest cannabis companies in Canada – despite an overall boost in sales of legal recreational cannabis throughout the pandemic. Last week, both ...

Posted: Feb 03, 2021 1:04 PM ET | Last Updated: February 3 For the most part, the stock prices of Canadian cannabis companies have failed to maintain or move past the lofty highs they reached in 2018, when Canada legalized the drug.(Annie Sakkab/Bloomberg) Shares in Canadian-based cannabis companies are surging this week partly because of a flurry of short sellers covering their bets against the stocks, right as U.S. lawmakers seem to be getting more serious about potentially legalizing the drug. Three of the four biggest companies in the space — Tilray, Aurora Cannabis and Aphria — h...