Home / Business / CannTrust says it will temporarily stop selling marijuana and stocks are slipping by almost 10%

CannTrust says it will temporarily stop selling marijuana and stocks are slipping by almost 10%



CannTrust Holdings Inc.

CTST, -1.58%

TRST, -1.94%

Late Thursday, he said he stopped selling and shipping all cannabis-based products, several days after the company said that inspections by Health Canada had revealed the existence of several halls illegal farming in an Ontario facility. Health Canada has seized more than five metric tonnes of CannTrust inventory. CannTrust US stocks traded close to 10% during the extended session on Thursday. The company has also announced its intention to form an independent special committee to investigate illegal grow rooms "in its entirety". Beyond the unlicensed growing rooms, one of its Danish export partners discovered earlier this week that it had sold some of the illegal pot grown and exported by CannTrust, which is a criminal act. Before Thursday's session after regular business hours, the cumulative losses of the stock were more than 40%. It closed down 1.9% in normal trading.


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