Cannabis cuttings are seen at the CannTrust Niagara Greenhouse Facility in Fenwick, Ont., on June 26, 2018. THE CANADIAN PRESS/ Tijana Martin

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

CannTrust says it will not challenge Health Canada’s partial suspensions

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.

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.

CannTrust says it will not challenge Health Canada’s partial suspensions and remains focused on working with the regulator.

It says this destruction process will free up “much needed capacity” to implement remediation measures and store material that has been grown and processed in accordance with the company’s license since April 5.

They say they will implement measures identified by the regulator including ensuring cannabis is produced and distributed only as authorized, and improving record keeping as well as inventory tracking.

READ MORE: Pot producers face pushback over odour, smell in Canadian farming town

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Snowfall warning for Kootenay and Paulson passes

Up to 30 cm expected in mountain passes Saturday and Sunday.

Community Futures launches cannabis consultation program

The Cannabis Business Transition Initiative helps businesses move into the legal economy

Moose tests positive for Chronic Wasting Disease in northwest Montana

This is the first time the disease has been detected in the species in Montana

Kootenay Patricks assemble to take on Montreal Canadiens alumni

The charity game takes place Jan. 23 in Nelson

Castlegar woman to appear on Dragons’ Den

Happy Gut sells water kefir beverages and kits to make water kefir at home.

Abortions rights advocates urge Liberals to turn politics into policy

Conservative Leader Andrew Scheer was pressed to clarify his stance abortion over several weeks

Closing arguments begin in B.C. case launched in 2009 over private health care

Dr. Day said he illegally opened the Cambie Surgery Centre in 1996 in order to create more operating-room time

MacLean says “Coach’s Corner is no more” following Cherry’s dismissal from Hockey Night

Cherry had singled out new immigrants in for not honouring Canada’s veterans and fallen soldiers

MacKinnon powers Avs to 5-4 OT win over Canucks

Vancouver battled back late to pick up single point

Dallas Smith, Terri Clark to perform on CP Holiday Train’s B.C. stops

Annual festive food bank fundraiser rolling across province from Dec. 11 to 17

Poole’s Land finale: Tofino’s legendary ‘hippie commune’ being dismantled

Series of land-use fines inspire owner Michael Poole to sell the roughly 20-acre property.

Port Alberni mom takes school district to court over Indigenous smudging, prayer in class

Candice Servatius, who is an evangelical Christian, is suing School District 70

Family of B.C. man killed in hit-and-run plead for tips, one year later

Cameron Kerr’s family says the driver and passengers tried to cover their tracks

Princeton couple pays for dream vacation with 840,000 grocery store points

It’s easy if you know what you are doing, they say

Most Read