Search: Canntrust

CannTrust destroying $77M of pot in bid to regain regulator’s trust

CannTrust Holdings Inc. is planning to destroy approximately $77 million worth of cannabis as the beleaguered pot producer seeks to restore regulatory compliance. In a press release issued on Thanksgiving Monday, CannTrust said it will not challenge Health Canada’s Sept. 17 decision to suspend the company’s sales and production licences. Instead, CannTrust said it “remains focused on working collaboratively and…

CannTrust to Destroy $77 Million in Cannabis Plants and Inventory

  CannTrust Advances its Plan Towards Regulatory Compliance Company to provide detailed remediation plan to Health Canada by October 21, 2019 VAUGHAN, ON, Oct. 14, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or “the Company”, TSX: TRST,NYSE: CTST) announced that it continues to make significant progress on its commitment to take any and all actions […] READ MORE: https://www.newcannabisventures.com/canntrust-to-destroy-77-million-in-cannabis-plants-and-inventory/

Alberta to return all CannTrust products after licence suspensions

The Alberta government’s cannabis wholesaler and online retailer is returning all products from CannTrust Holdings Inc. after Health Canada suspended the company’s licences to produce and sell pot. A spokeswoman for the Alberta Gaming, Liquor & Cannabis Commission says it intends to return its remaining supply of on-hold CannTrust products to the Vaughan, Ont.-based company, but would not confirm the…

Health Canada Suspends CannTrust Cannabis Production License

CannTrust Discloses Notice of Licence Suspension VAUGHAN, ON, Sept. 17, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST) announced that it received late this morning a Notice of Licence Suspension (the “Notice”) under section 64(1) of the Cannabis Act (Canada). The Notice cites the Company’s previous non-compliance with certain […] READ MORE: https://www.newcannabisventures.com/health-canada-suspends-canntrust-cannabis-production-license/

What CannTrust’s new allegations of wrongdoing could mean for the industry

The CannTrust Holdings (NYSE:CTST) scandal just keeps on getting bigger. While we’re still waiting on a decision from Health Canada on what its punishment will be in relation to illegally growing marijuana, last week the public learned of even more potential problems: Multiple sources told BNN Bloomberg that seeds from the black market found their way into CannTrust’s operations.  …

Black market pot entered CannTrust facility, flowed into legal market last year: Sources

Senior operating staff working at CannTrust Holdings Inc.’s Pelham, Ont. facility late last year brought cannabis seeds from the black market into production rooms, leading to some illicitly-grown pot flowing into the legal market, according to internal company documents obtained by BNN Bloomberg and four sources directly familiar with the matter. The documents suggest that, in an apparent effort to…

Health Canada Accuses CannTrust of Additional Violations

CannTrust Provides Interim Update VAUGHAN, ON, Aug. 12, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST,NYSE: CTST) provided an interim update concerning certain recent developments affecting the Company. Heath Canada Report for Vaughan Manufacturing Facility After trading hours on Friday, August 9, 2019, CannTrust received a report from Health Canada notifying […] READ MORE: https://www.newcannabisventures.com/health-canada-accuses-canntrust-of-additional-violations/