Teamsters Union Negotiating Wage Increases And Other Benefits With This Huge Cannabis Company
Portfolio Pulse from Vuk Zdinjak
Teamsters Local 777 has reached tentative agreements with Zen Leaf dispensaries, a subsidiary of Verano (OTCQX:VRNOF), for wage increases ranging from 17% to 20% over the next three years, paid time off, employer-funded retirement contributions, and other benefits. The union has also been active with other cannabis companies, including Green Thumb Industries (OTCQX:GTBIF).
July 20, 2023 | 4:15 pm
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NEGATIVE IMPACT
Green Thumb Industries has been facing labor issues with Teamsters Local 777, which could potentially disrupt their operations.
The ongoing labor issues with Teamsters Local 777 could potentially disrupt Green Thumb Industries' operations, which could negatively impact their stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Verano may face increased operational costs due to the wage increases and benefits agreed with Teamsters Local 777.
The wage increases and benefits agreed upon will likely increase Verano's operational costs, which could impact their profitability in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90