Money: CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada - PressFrom - Canada
  •   
  •   
  •   

MoneyCannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada

16:11  12 august  2019
16:11  12 august  2019 Source:   msn.com

CannTrust shares plunge again as Health Canada deems 2nd cannabis facility 'non-compliant'

CannTrust shares plunge again as Health Canada deems 2nd cannabis facility 'non-compliant' Shares in Canadian cannabis company CannTrust lost about a quarter of their value on the stock market Monday after the company said Health Canada has deemed a second one of its facilities "non-compliant with certain regulations." The Vaughan, Ont.-based company's problems began about a month ago after government health authorities discovered it had been producing cannabis plants in unlicensed greenhouses. Health Canada halted the sale of products from the company's facility in Pelham, Ont.

CannTrust has accepted Health Canada 's non - compliance finding and has taken actions to The non - compliant rating is based on observations by the regulator regarding the growing of cannabis Voluntarily advised Health Canada of issues that may impact compliance at its Vaughan facility

"The non - compliant rating is based on observations by the regulator regarding the growing of The company said 5,200 kilograms of dried cannabis was placed on hold by Health Canada , and the company has voluntarily held about 7,500 kilograms of cannabis equivalent at its Vaughan facility .

CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada© Provided by Canadian Press Enterprises Inc

TORONTO — Cannabis company CannTrust Holdings Inc. says its manufacturing facility in Vaughan, Ont., has been rated non-compliant by Health Canada.

The company says it was notified by Health Canada on Friday and added that remedial actions were underway.

The decision by the regulator was based on an inspection in July following revelations that Health Canada had found the company's greenhouse in Pelham, Ont., to be non-compliant.

The scandal has led to the ousting of the company's chief executive and the chairman of its board of directors.

The company had already implemented a voluntary hold on the sale and shipment of all cannabis products while Health Canada reviewed its Vaughan manufacturing facility.

CannTrust hires adviser to explore sale amid unlicensed pot growing probe

CannTrust hires adviser to explore sale amid unlicensed pot growing probe VAUGHAN, Ont. — CannTrust Holdings Inc. has hired a financial adviser to help the cannabis company explore a potential sale and other strategic alternatives as regulators continue to investigate allegations of illicit pot growing at its Ontario greenhouse. 

Health Canada says it made an unannounced inspection of the facility that resulted in an overall non - compliant rating . The discrepancy, according to Health Canada , is due to the fact that it seized finished and unfinished product from CannTrust , some of which was in the final stages of drying and

Shares of CannTrust Holdings Inc. CTST fell more than 6% after the company announced that its greenhouse facility in Pelham, Ontario was found non - compliant under certain regulations by Health Canada . The facility was declared so for producing cannabis in five unlicensed rooms for a period of

It says it continues to work with Health Canada and will provide further details of the hold and other developments as they become available.

"We have retained independent consultants who have already started addressing some of the deficiencies noted in Health Canada's report," CannTrust CEO Robert Marcovitch said in a statement.

"We are looking at the root causes of these issues and will take whatever remedial steps are necessary to bring the Company into full regulatory compliance as quickly as possible."

Companies in this story: (TSX:TRST)

The Canadian Press

Search underway for man missing from Queen West medical facility.
Search underway for man missing from Queen West medical facility

—   Share news in the SOC. Networks

Topical videos:

usr: 4
This is interesting!