CannTrust shares slide anew immediately after AGLC says it will return C$1.three million of its cannabis

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CannTrust Holdings Inc. U.S.-listed shares &#13
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CTST, -1.55%&#13
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TRST, +1.18%&#13
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fell about eight% in premarket trade Thursday, immediately after the Canadian cannabis firm mentioned the Alberta Gaming, Liquor and Cannabis Commission (AGLC) has informed it that it will return all of company’s solutions sold to it, which are valued at about C$1.three million ($979,000). Below the terms of the provide agreement that CannTrust has with the AGLC, it can return goods sold for any explanation and the firm will be accountable for the price of the goods and all other costs connected to the return, CannTrust mentioned in a statement. The AGLC is accountable for wholesale distribution of cannabis solutions to licensed cannabis retailers in Alberta and operates independently of Well being Canada, the Canadian well being ministry. CannTrust, which earlier this week had its cannabis license suspended immediately after it was discovered to be increasing cannabis in unlicensed rooms, mentioned it remains focused on reaching comprehensive regulatory compliance. Shares have fallen 74% in 2019, whilst the ETFMG Option Harvest ETF &#13
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MJ, -.25%&#13
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has fallen about four% and the S&ampP 500 &#13
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SPX, +.03%&#13
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