Arriving home after a date night, Revelstoke, BC couple Anna Minten and Emmanuel Levesque Dupere were surprised to discover at least five members of the RCMP raiding their home (as well as an apartment on their property rented to a tenant), looking for cannabis.
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According to internal CannTrust correspondence, during a February inspection, Health Canada representatives entered unlicensed rooms in which the company was growing illegally, five weeks before Health Canada licensed the rooms.
Globe and Mail
On New Year's Eve, then-CEO Aceto warned then-chair Eric Paul in a letter that his authority as Chief Executive was being undermined by governance problems and an insubordinate board.
Globe and Mail
The Ontario Securities Commission is investigating the CannTrust matter as a "quasi-criminal" case, meaning if charges are laid, they could lead to prison time.
Prior to legalization, media fixated on the rising number of cases of cannabis hyperemesis syndrome sending Canadians to emergency rooms. The condition connects cannabis consumption with uncontrollable vomiting soothed only by hot showers and heating pads.However, some users report CHS goes away when they switch to legal REC.
Since lifting its November moratorium on new REC retailers weeks ago, Alberta moved quickly from licensing five new stores weekly to licensing 20. This week, Alberta hit 254 retailers province-wide, including 57 in Calgary, with its population of 1.3M.
Alberta micro cultivators, however, complain they're being shut out of the market and want to the right to offer farm-gate sales in order to compete with major LPs, who are required to sell their products to provincial wholesaler Alberta Gaming, Liquor and Cannabis.
Lawyer Chad Finkelstein said the next Ontario REC lottery would include "fewer applicants and double the stores."
Last week I noted the one bank still willing to support Ontario REC lottery entrants had closed applications. This week, lawyer Trina Fraser rapped banks for delaying letters of support for the Alcohol and Gaming Commission of Ontario "only to pull the plug at the last minute, leaving their clients with no remaining opportunity to go elsewhere."
After Aphria crushed its Q4 filings last week with an 85% quarter-over-quarter improvement on its disastrous Q3, short-sellers naturally reduced their positions, and shifted focus to CannTrust, which received $400,000 in short interest in July.
Tokyo Smoke co-founder Lorne Gertner announced his company was planning an 8,000 square-foot cannabis consumption lounge called byMinistry in downtown Toronto to open before the end of the year.
New Brunswick Crown monopoly corporation Cannabis NB reported a $2.2M Q1 loss—on top of a previous loss of $11.7M reported in April, at the end of the first six months of legalization.
The relationship between cannabis and driving isn't clear-cut, said a University of Calgary psychology PhD student Sarah Simmons, but signs point to cannabis worsening driving.
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