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20.09.2019 13:51:00

Health Canada Lays the Hammer Down on CannTrust -- Now What?

The marijuana industry might be a big-money business model, but it has also developed serious trust issues with Wall Street and investors. At the heart of those issues is Ontario-based grower CannTrust Holdings (NYSE: CTST).As some of you may know, CannTrust reported a serious breach of investor trust, and a clear subversion of cannabis regulations in Canada, in early July. Following a Health Canada review, CannTrust announced that the company had been growing marijuana in five unlicensed rooms at its flagship Niagara facility between October and March, with these rooms subsequently becoming licensed in April.Furthermore, it was eventually disclosed that a handful of top executives at CannTrust were aware of this ongoing deception, including now-former CEO Peter Aceto, who was fired from his post.Continue reading
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