CannTrust to destroy $77M of plants and inventory to comply with rules

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

Canada Headlines News

Canada Latest News,Canada Headlines

CannTrust Holdings Inc. says it will destroy $77 million worth of pot plants and inventory as part of its efforts to comply with regulations as authorized by Health Canada.

A man holds holds a handful of cannabis buds at the CannTrust Niagara Greenhouse Facility, in Fenwick, Ont., on June 26, 2018. THE CANADIAN PRESS/ Tijana MartinCannTrust Holdings Inc. says

The Vaughan, Ont.-based company received a notice of licence suspension in September from the federal regulator indicating its authority to produce cannabis, other than cultivating and harvesting, and to sell pot had been suspended.The company says its board of directors has determined it necessary to destroy $12 million worth of biological assets and about $65 million worth of inventory that was not authorized by CannTrust's licence.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Destroy..translation, sent to black market. No way you just toss 77M into the garbage. Nice try though.

Pathetic. Only a liberal government could lose money selling drugs and oil.

... in a series of very small fires?

Yah, sure they are. But if you mean loading up trucks in the middle of the night as destroying, ok.

So dumb, just sell it.

They accepting volunteers to help with the destruction? 💨 💨 💨

I'd just like to know one thing. Where is the bonfire going to be?

No one wants pesticide laced weed anyway black market for life

Jesus Christ. Only the Canadian government could find a way to screw up legal pot this badly.

canadianweedstockshitshow

I’ll get rid of it, wink, wink! 😉

Cant they just like leave the back door open?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CannTrust to destroy $77 million worth of cannabis plants, inventory to regain complianceCannTrust to destroy $77 million worth of plants, inventory to regain compliance Wanna know how they destroy weed? They burn it. Ironic, right? Any idea of where the incineration will take place and how much it costs to stand near and inhale?
Source: nationalpost - 🏆 10. / 80 Read more »

CannTrust to destroy $77-million worth of cannabis plants, inventory to return to full regulatory complianceHeath Canada canceled CannTrust’s licence to produce and sell cannabis in September, months after it found the company was illegally cultivating pot. globeinvestor How much energy did it cost to grow these plants? globeinvestor 😪 globeinvestor What a wasteful and pointless exercise. Destroying plants will not do a thing to correct what was done wrong in the past. How about they give away the product for free to medical marijuana users ?
Source: globeandmail - 🏆 5. / 92 Read more »

Los Angeles blaze began beneath high-voltage power lines - fire departmentArson investigators have determined where the fire that destroyed 17 structures began, but not yet the cause
Source: globeandmail - 🏆 5. / 92 Read more »

Putin says no reliable information about who attacked Saudi oil plantsYemen’s Houthi movement responsibility for the Sept. 14 attacks, but Riyadh and Washington blamed Tehran Ezra knows
Source: globeandmail - 🏆 5. / 92 Read more »

Dallas Cowboys Amari Cooper (foot) ruled out vs. New York Jets - TSN.caDallas Cowboys wide receiver Amari Cooper was ruled out with a quad injury mid-way through the third quarter in Sunday's matchup with the New York Jets, per the team.
Source: TSN_Sports - 🏆 80. / 51 Read more »

Toronto Raptors Patrick McCaw (knee) leaves early vs. Chicago Bulls - TSN.caToronto Raptors guard Patrick McCaw injured his left knee in Sunday's pre-season matchup with the Chicago Bulls and did not return. According to TSN's Kayla Grey, McCaw twisted his knee after getting tangled up with Chicago's Otto Porter Jr. and limped to the locker room.
Source: TSN_Sports - 🏆 80. / 51 Read more »