APHA to supply TRST? https://www.canadianbusiness.com/business-news/canntrust-warns-of-shortages-after-regulator-flags-greenhouse-for-non-compliance/?utm_source=nl&utm_medium=em&utm_campaign=cb_daily&sfi=dea07e84892fe164790d8c941d8dd528 CannTrust’s other inventory on hand amounts to “several days worth of supply,” Aceto said in an interview, noting that the company continues to grow, cultivate, harvest and sell cannabis.
The firm has a team working to source cannabis to fill supply gaps while external advisers conduct a review to determine how this happened, Aceto added.
Ryan Tomkins, an analyst with Jefferies, said in the near-term there will “undoubtedly be a financial impact.”
“They will have to go to the open market to fill the shortage gap with little bargaining power which means they could pay inflated prices or take inferior product which could lead to lost market share,” he said in a note to clients.