CannTrust shares dive on report that CEO chair knew of unlicensed pot

Companies in this story: (TSX: TRST) The Canadian Press VAUGHAN, Ont. — CannTrust Holdings Corp. shares have plummeted further after a media report alleging that the cannabis company’s chief executive and chairman of the board were aware of pot cultivation in rooms without government approval months before Health Canada discovered the illicit activity. Shares of the Vaughan, Ont.-based licensed producer were down more than 20 per cent in late morning trading on the Toronto Stock Exchange to $2.73 from its previous close of $3.43.A report published in the Globe and Mail late yesterday cites emails that suggest CannTrust chairman Eric Paul and its chief executive Peter Aceto were informed in November that the firm was growing pot in unlicensed rooms at its Ontario greenhouse.CannTrust is being investigated by Health Canada, which says it discovered during an unannounced inspection in June that the pot firm was growing cannabis in several rooms before it got the appropriate licences to do so.CannTrust disclosed Health Canada’s findings on July 8, and nearly 13,000 kilograms of cannabis products linked to the five unlicensed rooms have been put on hold by both the regulator and voluntarily by CannTrust as samples undergo testing at government laboratories.CannTrust voluntarily halted all shipments and sales of its products as Health Canada conducts its investigation and an independent special committee of its board of directors examines what transpired.Prior to the share price drop today, CannTrust’s stock had already lost roughly 47 per cent of its value from $6.46 on July 5 before the company disclosed Health Canada’s findings. read more

Third China Gold Congress and Expo July 2426 2018 in Beijing

first_imgMore than 2,000 delegates, industrial leaders and a hundred exhibitors are expected to attend and, according to the organisers, “create the world’s largest international cooperation platform in gold industry.” Hosted by China Gold Association and World Gold Council, the 3rd China Gold Congress and Expo will be held on July 24-26, 2018 in China National Convention Center. China Gold officially gets the support from the relevant China and foreign government and industrial institution.China Gold Congress and Expo consists of three streams, Gold Mining, Gold Investment Market and Gold Consumption. The activities of China Gold cover the entire mineral value chain. That includes gold mining, smelting and processing, market trend forecasting for gold investment, gold consumer products, particularly jewellery design and technology. Particularly, Technology Innovation and Exploration Exchange Gold will be arranged at China Gold 2018 to promote investment and cooperation.The first and second China Gold Congress and Expo events were held in 2014 and 2016 in Beijing. There were more than 2,000 delegates, 50 exhibitors from 20 countries joined the event. In China Gold 2016 particularly, Jim Rogers, Investment Expert and Author, delivered the keynote speech titled How I See the World Today and What I Am Doing About It, identifying the importance of gold form the worldwide perspective.As the largest gold event in Asia, China Gold says it “is committed to continually promoting international cooperation and rapid growth of the Chinese gold industry. China Gold Congress and Expo, the Chinese platform of the global gold industry and global stage for China’s gold industry, welcomes you to China Gold Congress and Expo.” http://en.china-gold.org/last_img read more