If the company cannot convince Health Canada to remove the suspension, Health Canada will decide whether to revoke the licenses or reinstate them.
Health Canada has instructed CannTrust how to take measures to prove it had addressed the reasons for suspension.
The suspension makes CannTrust far less desirable to potential buyers, who would take on any of the company's future liabilities—including retaliations against the company for wrongdoings made already public as well as those not yet known.
CannTrust has lost 75% of its value since the beginning of the scandal in July.
Following the suspension, Alberta Gaming, Liquor and Cannabis returned roughly $1.3M in CannTrust products.
On August 9, Health Canada suspended the cultivation, processing, and sales licenses of BC LP Evergreen Medicinal Supply over lack of compliance with federal law and Health Canada regulations.
MJ Biz Daily
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Citing the industry's "credibility problem," James West predicted the scandal would tighten already-strained access to capital.
The Ontario Cannabis Store lost $42M in the last fiscal year, which ended the day before the province began its problem-plagued retail rollout. Of that number, at least $10M went to pay for renovations and equipment for stores under the previous Liberal government's plan to open provincial-monopoly Ontario Cannabis Stores, a project the Ford government abandoned almost immediately.
Processing of applications for new REC stores in Ontario is frozen for at least two weeks due to the judicial review of 11 disqualified applications, but the wait could be longer.
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With Ontario's new store licenses stalled while the courts look over lottery disqualification, that number isn't about to change soon.
In a combined front last Saturday, a number of unlicensed Toronto dispensaries chose to open their doors again to protest the lack of REC retail development in a province that needs stores very badly.
The vaping-related illness stalking US states crossed the border with the report of a London, ON–area high school student who was placed on life support due to vaping-related respiratory illness. (He has recovered.) The student was a daily e-cigarette user.
Provincial health minister Christine Elliott said all Ontario hospitals have been ordered to report vaping-related illnesses to the provincial chief medical officer of health.
Globe and Mail
I haven't yet read a single article about Canadian vape illness that acknowledged widespread suspicion of illicit diluting agents, particularly vitamin E oil, as a likely cause of some or many vaping-related illnesses.
Ousted Canopy co-founder Bruce Linton said he's involved in a variety of different companies. While he's an "activist investor (the good kind)" to Canadian LPs Slang Worldwide and DNA Genetics, he's also senior advisor and/or director of Michigan dispensary company Gage Cannabis USA, an animal health-and-wellness CBD company called Better Choice, and at Toronto-based medical psychedelics provider Mind Medicine, which develops MDMA- and psilocybin-assisted treatments for mental illness.
Supported by the Ontario Provincial Police, the Anishinabek Police Service raided a dispensary on Wahnapitae First Nation in Ontario—despite entreaties from Wahnapitae Chief Larry Roque, who attempted to convince the police to leave, saying the community is working to pass its own cannabis regulations.
Ahead of the election, MED advocates are pushing to make MED access a point of discussion.
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