Tag: Health Canada
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CannTrust (TRST.T) cannabis sales license suspended by Health Canada, and the clock is ticking
Turns out running an illegal drug operation out of your legal, licensed drug operation isn’t such a good business model. Health Canada announced today what many had long assumed was coming, when they suspended CannTrust’s (TRST.T) license to sell and process cannabis in the wake of ongoing allegations of illegal behaviour. When TRST stock was…
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Lexaria (LXX.C) recieves a…R&D license?
Earlier this week, a subsidiary of Lexaria Bioscience (LXX.C) received a R&D license from Health Canada, prompting the question, ‘we have those?’ “You were as surprised as we were,” said Alex Blanchard, communications manager for Lexaria. Lexaria isn’t your average grower. The company is much more of a tech-play, developing new delivery systems for nicotine, vitamins,…
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GTEC Holdings (GTEC.C) subsidiary gets a sales license, makes product available nationwide
It’s like clockwork, every damn Friday afternoon. I think I’m getting out early to enjoy the weekend, anticipating the chance to get shittered on negronis, only for Health Canada to drop one of their usual Friday afternoon updates on their list of cannabis licenses. And, as per usual, it’s GTEC Holdings (GTEC.C) that’s getting another…
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CannTrust (TRST.T) executives should go to jail: Emails show deliberate criminality
There’s a difference between incompetence and criminality. Incompetence is “What? That’s weed? I thought those were tomato seeds!” Criminality is “1) RG8 is not licenced but has plants in it; 2) RG9 is not licenced but we are intending to put plants in it on Monday; 3) PA2A-E are not licenced but we have moved…
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CannTrust (TRST.C) committee continues Pelham investigation as the sector watches
The investigation via special committee of CannTrust Holdings’ (TRST.C) non-compliance with Health Canada mandated regulations is ongoing, with further information regarding the committee’s membership now available. On July 11, 2019, the committee was appointed by CannTrust’s board of directors to examine how the company’s Pelham, Ontario, facility came to violate Health Canada guidelines. CannTrust’s Pelham…
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UPDATE: CannTrust (TRST.T) should lose license over illegal pot growing/shipping scandal
The precedent has been set. When Ascent Industries (ASNT.C) lost its Canadian LP licensing over product that had allegedly found its way into the grey market, the regulators at Health Canada – rightly – didn’t hold back. They investigated publicly, loudly, and ultimately de-licensed the company, running the brains trust out of town on a…
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Weed company house cleaning: Bonify loses its LP license but grownups are emerging
“We couldn’t be happier to let registered patients know that they can now buy direct from Bonify, a company that truly puts its customers at the core of everything we do,” said company CEO and President Dalbir Bains, back in June 2018, when the company got its Health Canada cannabis sales license. “With the Canadian…
