CannTrust Cannabis Licences Reinstated After Year of Turmoil

Article by Emma Spears, Growth Op

BUSINESS CannTrust cannabis licences reinstated after year of turmoil "Our licence reinstatement is the result of an enormous amount of hard work by the CannTrust team," says CEO Greg Guyatt By Emma Spears File - Mayor of Pelham Dave Augustyn joined the CannTrust executive team to cut the ribbon on its 450,000 square-foot grow facility in Niagara in June of 2018. Photo: CNW Group/CannTrust Holdings Inc.

Embattled Canadian cannabis producer CannTrust announced Wednesday morning that its Vaughan manufacturing facility has had its licence restored, according to a press release.

The re-licensed producer attributes its reinstatement to has “working diligently to resolve regulatory deficiencies within its business.”

Over the past year, the company has faced mass layoffs, major staff shakeups, formal investigations, numerous financial blows, and the loss of its licences after a whistleblower revealed that the company was illegally growing cannabis in five unlicensed grow rooms hidden from Health Canada by specially-built poly walls.

The producer stood by its product, despite destroying millions of dollars worth of plants.

Read the full article here.

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