CannTrust Holdings Stock Surges on Plan to Restore Cannabis Licenses [The Motley Fool]
CannTrust Holdings Inc. (CTST)
Last canntrust holdings inc. earnings: 5/14 06:19 am
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Source: The Motley Fool
CannTrust Holdings Stock Surges on Plan to Restore Cannabis Licenses CannTrust Holdings ( NYSE:CTST The Canadian cannabis company will destroy approximately $ million worth of inventory and $ million of biological assets that were illegally produced. CannTrust hopes that the move could help to bring it back into regulatory compliance as it seeks to reinstate its licenses. CannTrust Holdings is destroying millions of dollars' worth of cannabis. Image source: Getty Images. In July, CannTrust received a noncompliance report The situation worsened later in July when news broke fire CEO Peter Aceto CannTrust's leadership failures also likely contributed to Health Canada's decision to suspend the company's licenses to produce and sell cannabis in September. The regulator allowed CannTrust to cultivate and harvest its existing cannabis plants, but it barred the company from creating new batches or processing the plants. Health Canada also suspended CannTrust's licenses for medical sales, can
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