Saturday, May 31, 2025

Latest

Canntrust Cannabis Products To Return To Retailers This Month

In an announcement that will most certainly enrage countless legacy cannabis consumers and growers, Canntrust Holdings (OTC: CNTTQ) this morning announced that it is returning to the Canadian marketplace. Products under the firms brands Liiv and Synr.g are anticipated to hit retailer shelves this month, with further products to be made available early in the new year.

While the company is currently focused on relaunching itself within the Canadian recreational cannabis market, it also remains focused on medical consumers, with a full line of medical products to be relaunched “in the near future.”

While products have returned to market, the company continues to indicate that it remains under CCAA protections, a form of bankruptcy for large corporations, while it continues to resolve civil litigation and conduct a strategic review. The firm has reportedly terminated a significant portion of its employees to cut costs while revenues were non-existent as it worked to satisfy matters with Health Canada.

The return to market for Canntrust effectively puts a cap on much of the regulatory drama that ensued following the discovery in 2019 that the company was growing cannabis illegally in unlicensed space at its facilities in southern Ontario. Despite the findings being made in early July 2019, licenses held by the company were not formally suspended until September 2019, which were subsequently reinstated in May and August this year. It’s unclear if any criminal charges were laid against the former management of the company.

Canntrust Holdings last traded at US$0.17 on the OTC Markets.


Information for this briefing was found via Sedar and CannTrust Holdings Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. Hello mr. LUTZ
    Do you know if canntrust will leave CCAA in January?
    Bad things happen to companies but also great things can come out of it.
    When do they start medical marijuana sales again?
    Can you in any way talk to Guyatt?
    Ask him if it’s going to be alright sense the scandal.
    Thank you
    Chris legore
    cblegore@gmail.com

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

CannTrust Loses European Partner STENOCARE

Another blow has come to CannTrust today when they found out Danish partner STENOCARE has...

Thursday, September 19, 2019, 12:07:53 PM

Outdoor Cannabis Cultivation Has Arrived in Canada

Outdoor grow is coming to Canada in a hurry. Health Canada, the regulating body for...

Monday, June 3, 2019, 07:00:53 AM

Weology: We Read Peter Aceto’s Book So You Don’t Have Too

The recent flood of interest in CannTrust Holding’s (TSX: TRST) (NYSE: CTST) cultivation assets from...

Wednesday, August 7, 2019, 11:39:14 AM

Early-Stage Interest Allegedly Exists for Canntrust Assets

Canntrust Holdings (TSX: TRST) (NYSE: CTST) allegedly has parties interested in purchasing its assets, according...

Thursday, July 18, 2019, 03:44:31 PM

CannTrust Sees All Licenses Reinstated By Health Canada

Canntrust Holdings (OTC: CNTTQ) this morning announced that it has received notice from Health Canada...

Thursday, August 6, 2020, 08:31:04 AM