Item 9 Labs Corp. InLB announced its efforts to streamline operations and consolidate employee duties.
The company has consolidated employee headcount by 20%, which reduces redundancies and allows the company to become profitable while maintaining scalability, which is a goal of efficient profit creation and shareholder value. In conjunction with the personnel shifts, the company has implemented other cost-saving measures designed to reduce total overhead expenses by over 15%.
The CEO of Item 9 Labs Corp., Mike Weinberger, has been appointed Chief Franchise Officer.
Weinberger stated that Sessions' acquisition could be a gamechanger for Item 9 Labs Corp. We will be able to grow our store count because we have the right people in the right seats, because it will increase our retail footprint and bring us into a new country. He said that our team leads below are the reason we have reached where we are today. Many of our Item 9 Labs and Unity Rd have been able to count their years in cannabis and franchising on two hands. Brands from the beginning. They have done a fantastic job of lifting others up and pushing us along our growth plan.