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High profile litigator Marie Henein, whose firm Henein Hutchison is one of those representing shareholders waging a class-action lawsuit against
CannTrust executives, directors, and auditor KPMG, said she expects
the suit should be certified "relatively quickly"—within two months.
Global News, BNN Bloomberg
- Torkin Manes Cannabis Law Group chair Matt Maurer called Henein "arguably the most talented litigator in the country," and added "she has the most accomplished Canadian class action lawyer of all time riding shotgun." He concluded, "CannTrust is in trouble and the case hasn't even started."
Twitter—Matt Maurer
CannTrust
appointed Greg Guyatt Chief Executive. Guyatt was previously CFO.
NewsWire
LPs are just beginning to
learn how to process returns—mainly products that didn't sell, but also recalled products, undeliverable shipments, damaged products, etc. Since 2018, LPs have reported an average of 11,152 kg of cannabis destroyed per month.
CTV News
- Lawyer Trina Fraser noted provincial supply deals "permit the return of product for any reason whatsoever," rather than just defective/recalled product. But at least non-defective products can be resold to other provinces provided excise stamps are re-applied.
Twitter—Trina Fraser
Molson Coors' year-end results included a
$14.3M loss on 11.5M warrants that Hexo gave to Molson at $6 per share as part of their beverage joint-venture
Truss.
Twitter—David George-Cosh
No beverage producer is happy to hear
aluminium can liners leach cannabinoids out of drinks.
Yahoo Lifestyle
Cantor Fitzgerald analyst Pablo Zuanic said Canada adopted "
the worst of each [US] recreational state, and little of the good."
Yahoo Finance
Calling the grim months of November and December 2019 "the first bottom,"
Raymond James analyst Rahul Sarugaser predicted a coming "second bottom in February or March 2020," followed by a "sector rebound beginning around May 2020."
Cantech Letter
A University of Waterloo study found
few consumers understood the THC amounts listed on edibles packaging well enough to identify whether the dose was "low" or "high."
SciTech Daily