Tilray has announced its plans to close its Nanaimo operation at Duke Point, citing a recent merger and a desire to streamline their facilities. (Google Streetview)

By Ian Holmes

economic loss

‘It’s a serious blow:’ cannabis producer Tilray announces shut down of Nanaimo operation

Sep 15, 2021 | 3:48 PM

NANAIMO — A large employer in the city is pulling out of Nanaimo, leaving hundreds of people out of work.

Tilray announced on Wednesday, Sept. 15, it would close its Nanaimo cultivation facility and offices based in Duke Point in phases — a process the company expected to be finalized next spring.

The publicly traded cannabis giant stated it is making operational efficiencies after merging with Aphria, another large cannabis producer.

NanaimoNewsNOW has learned in the range of 160 to 170 employees at the Tilray Nanaimo operation are impacted by the company’s pending departure.

Mayor Leonard Krog called Tilray’s announcement a major setback for the region.

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“It’s a serious blow. It will have a significant roll-out through our local economy. I’m very upset by this and can only hope some other substantial employer like Tilray will be in a position to take over and use their premises,” Krog said Wednesday afternoon.

Krog said Tilray was home to not only a high number of jobs, but quality, highly paid positions, which he expected will alter the local economy and real estate market.

“This is I think in no way a reflection on the City of Nanaimo, it is a reflection of corporate policy, consolidation and the result, as Tilray states, is the merger with another company.”

Tilray opened its Nanaimo facility in 2014 and employed at its peak around 300 people, solidifying the once emerging business as a major employer in the region.

While announcing its departure from Nanaimo, Tilray stated it intends to work with its Nanaimo work force interested in alternate opportunities at its cultivation facility at Broken Coast on Vancouver Island.

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ian@nanaimonewsnow.com

On Twitter: @reporterholmes