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Pax Labs Fires 25% Of Workers After Missing Revenue Projections

65 members of the team were let go effective Monday

California-based Pax Labs, one of the leading vape pen companies in the cannabis industry, disclosed Monday it laid off 65 workers, or 25% of its workforce, after missing its revenue projections.

The layoffs come amid a health crisis that has shaken the vaporizing industry.

The San Francisco company – which originally had ties to the Juul e-cigarette before that product was spun off as a separate company – declined to directly link the vaping health crisis to the layoffs, saying only that its sales had fallen short of expectations.

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