CannTrust Launches New Cannabis Brands
CannTrust Had Licences Suspended July 2019, Reinstated August 2020 – LPC
A version of this story originally published at: www.orilliamatters.com
CannTrust Holdings Inc. launches two new recreational cannabis brands this month. CannTrust had its licences suspended over a year ago for illegal growing. Health Canada reinstated CannTrust’s licences in August 2020.
The company is staging a comeback more than a year after its licences were suspended for illegally growing thousands of kilograms of dried cannabis in unlicensed rooms.
The Vaughan, Ont., cannabis firm announced Wednesday that it will reintroduce two recreational brands, Liiv and Synr.g, to the Canadian market this month.
“We’re confident that when the customers come back and try our products again, then they’ll remember how good and how consistent and high quality they are,” CEO Greg Guyatt said in an interview. “We think we will win them back.”
That task may not be easy.
CannTrust remains under Companies’ Creditors Arrangement Act protection as it deals with multiple class action lawsuits and other litigation.The cases were filed after Health Canada discovered illicit cultivation at CannTrust’s Pelham, Ont., greenhouse and seized cannabis from unlicensed rooms in the summer of 2019.Health Canada launched an investigation into the matter, while CannTrust dismissed chief executive Peter Aceto and board chairman Eric Paul departed the company. The company’s licences for growing… Read full story here.
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