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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Ladysmith designer donates her time to make free face masks and gowns

Nikki MacCallum works three days a week on masks and gowns, and three days on her regular business

Nanaimo school district to develop learning plan to account for COVID-19

Nanaimo-Ladysmith school district superintendent advises parents keep kids at home

LDCU offers no interest loans for members in need

Existing members can borrow up to $5,000 interest free

Sweet treat helps make Chemainus Health Care Centre workers feel complete

Girl Guide cookies always in good taste when showing appreciation

Social media a blessing and a curse during time of crisis: B.C. communication expert

‘In moments of crisis, fear is very real and palpable,’ says SFU’s Peter Chow-White

First Nations, remote communities need special attention in pandemic, Freeland says

Health-care workers, seniors, Indigenous Peoples some of people most at risk, health officials say

Ongoing list of Ladysmith COVID-19 cancellations and closures

Everything in Ladysmith that has been impacted by COVID-19

Controversial Cowichan tiny house still in place after removal deadline

Cowichan Valley Regional District had ordered it removed by March 15

Call before you dig into spring projects during isolation: BC 1 Call

BC 1 Call gives free checks for utilities in the area of a desired outdoor project

B.C.’s intersection speed cameras putting more tickets in the mail

One Nanaimo location delayed after speed limit reduced

B.C. records five new COVID-19 deaths, ‘zero chance’ life will return to normal in April

Province continue to have a recovery rate of about 50 per cent

High cost, limited coverage for asthma medicine a concern during COVID-19 pandemic

B.C. man says he skips puffs to save money, but others have it worse

Vancouver Island’s ‘Project Draw Breath’ expands and diversifies to battle pandemic

Grassroots team working to up supplies of ventilators, other equipment during COVID-19 crisis

B.C. man sick with COVID-19 calls it a ‘horrible disease’

Tim Green says he has ‘extreme coughing fits every hour’ to clear his lungs

Most Read