CannTrust says goods returned by Alberta government cannabis firm worth $1.3M | iNFOnews | Thompson-Okanagan's News Source
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CannTrust says goods returned by Alberta government cannabis firm worth $1.3M

A man holds holds a handful of cannabis bud at the CannTrust Niagara Greenhouse Facility, during the grand opening event in Fenwick, Ont., on Tuesday, June 26, 2018. CannTrust Holdings Inc. says its products being returned by Alberta government's cannabis wholesaler and online retailer total about $1.3 million. THE CANADIAN PRESS/ Tijana Martin
Original Publication Date September 19, 2019 - 5:01 AM

VAUGHAN, Ont. - CannTrust Holdings Inc. said Thursday that about $1.3 million worth of its products will be returned by the Alberta government's cannabis wholesaler and online retailer.

The Alberta Gaming, Liquor and Cannabis agency announced the returns on Wednesday after Health Canada suspended CannTrust's licences to produce and sell pot.

CannTrust noted Thursday that Health Canada has not ordered a recall in respect of any of the company's products.

But it said that under the terms of its agreement, the goods may be returned for any reason and it will be responsible for the cost of the goods and all expenses related to the return.

Meanwhile, PEI Cannabis said Thursday it will not consider re-stocking CannTrust products until the supplier's license suspension is lifted.

That follows a decision by the Nova Scotia Liquor Corp., announced Wednesday, to stop selling CannTrust products and to return the product it is holding at its distribution centre.

The Ontario government's cannabis wholesaler and retailer said in August it was returning products valued at roughly $2.9 million to CannTrust.

This report by The Canadian Press was first published on Sept. 19, 2019.

Companies in this story: (TSX:TRST)

News from © The Canadian Press, 2019
The Canadian Press

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