Two cannabis grow sites in South Jersey will close their doors in October, laying off 86 staff members as multistate operator the Cannabist Company files for Chapter 15 bankruptcy.
The cultivation facilities — located at 17 W. Park Ave. and 1560 N. West Blvd. in Vineland — will close on Oct. 11, laying off nearly all of the Cannabist’s cultivation and manufacturing employees in New Jersey according to a Worker Adjustment and Retraining Notification, or WARN, filing with the state.
In its bankruptcy filings, the company stated that due to “regulatory, industry and financial challenges,” it was facing a severe liquidity crisis and “unable to meet its financial obligations as they become due.” The…