CannTrust's cannabis license suspended after illegal grows discovered, stock falls 12%

CannTrust's cannabis license suspended after illegal grows discovered

CannTrust Holdings Inc.

said Tuesday afternoon that Health Canada has suspended the cannabis company's license to produce and sell cannabis. Regulators halted CannTrust stock Tuesday morning pending news after its U.S.-traded shares fell 3.3% in morning trading. Once trading resumed at 3:30 p.m. Eastern time, the stock fell more than 10%. While the suspension is in effect, CannTrust is permitted to cultivate and harvest existing crops and is allowed to dry and trim that marijuana.

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