October 14, 2019 / 5:04 PM / a month ago

Pot producer CannTrust to destroy C$77 mln worth of plants, inventory

Oct 14 (Reuters) - Cannabis producer CannTrust Holdings Inc said on Monday it would destroy about C$12 million ($9 million) worth of plants and about C$65 million worth of inventory as part of a plan to regain full regulatory compliance.

Health Canada canceled CannTrust’s license to produce and sell cannabis in September, months after it found the company was illegally cultivating pot. ($1 = C$1.32) (Reporting by Shanti S Nair in Bengaluru; Editing by Maju Samuel)

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