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CannTrust slides another 19% to drag the entire cannabis sector lower
CannTrust Holdings stock tumbled another 19% Wednesday to drag the overall cannabis sector down, after a report said emails showed the company’s top managers knew that the company was growing unlicensed cannabis at an Ontario facility, months before Health Canada seized tons of its product. Emails seen by Canada’s Globe and Mail showed that Chairman Eric Paul and CEO Peter Aceto were made aware of the illegal grows six months before they were discovered by the regulator, and that Paul had advised staff on how to respond, the newspaper reported. In one email from Nov. 16, 2018, Graham Lee, the company’s head of quality and compliance, told Aceto that a Health Canada inspection had just been completed, but had missed the plants that were growing in unlicensed rooms.
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