09:55:29 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Benchmark Botanics Inc
Symbol BBT
Shares Issued 142,681,308
Close 2020-10-14 C$ 0.14
Market Cap C$ 19,975,383
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Benchmark Botanics reinstates nine laid-off employees

2020-10-19 12:19 ET - News Release

Mr. William Ying reports

BENCHMARK RECEIVES ORDER TO REINSTATE NINE LAID OFF EMPLOYEES AT ITS PEACHLAND OPERATIONS

Benchmark Botanics Inc.'s Potanicals Green Growers Inc. laid off nine employees at its Peachland operation on Oct. 5, 2020, and, as a result, has received a complaint from the United Food and Commercial Workers International Union, Local 1518, alleging that these layoffs violated the Labour Relations Code.

Potanicals attended hearings at the British Columbia Labour Relations Board on Oct. 9, Oct. 13 and Oct. 14, 2020, to provide its reasons for laying off the nine employees at the Peachland operation to the board. On Oct. 16, 2020, the board issued its decision, concluding that Potanicals Green's layoff of the nine employees at the Peachland operation violated the code. The board ordered that the nine employees be reinstated at the Peachland operation with back pay and any other benefits to make them whole.

About Benchmark Botanics Inc.

Benchmark Botanics is a diversified multilicensed cannabis producer focused on a three-way vertical business model targeting the medical, pharmaceutical and recreational markets in Canada. The company's business plan also includes a strategy to become a Canadian licensed producer to pioneer selling medical cannabis and hemp throughout Asia, in countries where it is legal to do so.

Benchmark is focused on producing the highest-quality, indoor-grown cannabis for patients and adult recreational consumers, as well as developing international business partnerships to extend the company's global footprint.

Benchmark's 100-per-cent-owned subsidiary, Potanicals Green Growers, is a Health Canada-licensed producer under the Cannabis Act and its regulations. The company is producing at its indoor Peachland, B.C., cannabis complex and is constructing a phase 2 expansion of an additional 10,000-square-foot extraction facility there. Along with cultivation and production, the company's Peachland facility also provides propagation, cloning, storage, research and development, and genetic improvements.

As part of its expansion strategy, the company and a joint venture partner acquired a second facility, a four-acre greenhouse operation in Pitt Meadows, B.C. The company, through Potanicals, received its second cultivation licence, effective Nov. 29, 2019, from Health Canada for that Pitt Meadow greenhouse.

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