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Canntrust Holdings Inc
Symbol TRST
Shares Issued 141,481,527
Close 2019-10-16 C$ 1.75
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NP says $77M of Canntrust pot may go up in smoke

2019-10-16 09:04 ET - In the News

The National Post reports in its Wednesday, Oct. 16, edition that after running afoul of Health Canada this summer, Canntrust Holdings is now planning to destroy $77-million of its inventory and assets. The Post's Jake Edmiston writes that one method of destruction acceptable to Health Canada involves shredding the cannabis and mixing it with water and cat litter -- or "other types of inorganic material" before composting or disposing it. The product also can be incinerated, granted the process follows regulations that forbid any method that should result in individuals breathing in the smoke. The point is to render the product unusable, says weed lawyer Trina Fraser. She says, "They re not going to put it in a big pile outside the building and spark it up -- that's for sure." In the early 2000s, as a rookie officer with the Ontario Provincial Police, Carolle Dionne was occasionally tasked with bringing bags of seized cannabis to the lumber mill in Mattawa, Ont., where it was incinerated. The OPP still maintains a network of third party facilities with incinerators that adhere to local environmental regulations to burn seized drugs. Live pot plants can be incinerated, but are also buried in landfills.

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