Permanent Lunchbreaks Ahead, Oregon Based Sentia Wellness Layoff Staff
Oregon Live is reporting
Portland CBD company Sentia Wellness has laid off more than 30 people in the past week, less than five months after the company’s launch.
Sentia markets its products under the Social CBD brand and other names. It spun out from controversial Portland marijuana company Cura Cannabis after Cura agreed to sell its recreational marijuana business to a Massachusetts company last year.
Sentia has raised at least $91 million, according to regulatory filings, and had 150 employees at the time of its launch last September. However, the company said in a statement to The Oregonian/OregonLive that an unsettled regulatory environment had undercut its ambitions.
“The FDA’s decision around Thanksgiving to not provide regulatory clarity to the CBD industry has real world consequences. This layoff is one of them,” Sentia spokeswoman Elana Weiss said in a written statement.
Sentia did not disclose the number of job cuts but laid off employees and others familiar with the layoffs said between 30 and 40 workers lost their jobs.
Sources said the cuts impacted jobs across the company, including marketing and other corporate functions in Sentia’s headquarters in the Pearl District along with manufacturing and distribution.