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Cannabis Summary for Dec. 18, 2019

2019-12-18 20:32 ET - Market Summary

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by Stockwatch Business Reporter

The Canadian Securities Exchange Composite Index lost 5.46 points to 361.57 Wednesday. Health Canada issued a release yesterday announcing that Zenabis Global Inc. (ZENA: $0.18) recalled its Namaste CBD Light capsules. The capsules, which are labelled as containing 6.13 milligrams of CBD and a minuscule 0.19 mg of THC, were recalled after it was determined that they had been incorrectly labelled. Instead of the advertised doses on the bottle, the capsules did not contain any CBD and instead had 2.247 mg of THC. For context, under Health Canada regulations, the maximum allowable amount of THC per capsule is 10 mg. Since THC is the part of marijuana that gets you "high," some customers could have been in for a rude surprise. However, the 2.247 mg THC is still small enough an amount that it would not have had a significant effect. The company received one complaint on the product and Health Canada did not receive any. Zenabis sold 165 units (each unit has 15 capsules) of the recalled product.

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