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Ontario Government Returning CanTrust’s Cannabis Stock

Stockhouse Editorial
1 Comment| August 19, 2019

Embattled cannabis company CannTrust Holdings Inc. (TSX: TRST, NYSE: CTST) said on Monday that the Ontario government’s cannabis retailer is returning all of its products.

This is because it does not conform with the terms of its master cannabis supply agreement and amounts to roughly $2.9 million in value. The cannabis producer added that the provincial retailer operates independently of Health Canada and there has been no recall on its products.

CannTrust has been facing ongoing issues with the federal regulator and is currently under several legal investigations. Approximately 5,200 kg of dried cannabis inventory has been placed on hold, along with a voluntary hold of around 7,500 kg of dried cannabis equivalent.

TRST stock was trading around $2.60 a share.

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August 21, 2019

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