Production facility to fire 113 employees weeks after being bought by California based company

A marijuana cultivation and production facility in Palatka will terminate 113 employees just weeks after the facility and its assets were bought by a California-based cannabis delivery company.

DP Holdings Colorado, LLC, which formerly did business as Green Dragon, announced the terminations in a Worker Adjustment and Retraining Notification filed with the Florida Department of Commerce on Wednesday.

According to the filing, the stated reason for the terminations is that the employer "lost all of its assets in a public auction and is shutting down."

"All terminations covered under this notice are permanent and all employment at the site/plant will be terminated," reads the filing. It specifies that no bumping rights exist and there is no union representation among employees.