CannTrust stock is leading the cannabis sector lower on Friday after CannTrust Holdings (TSX:TRST) (NYSE:CTST) said that it will reduce its workforce by 25%, or roughly 140 people.
Key DetailsCanadian cannabis company CannTrust Holdings has been in all sorts of trouble ever since it was found that it had cultivated cannabis in five unlicensed rooms at one of its facilities. Health Canada canceled the company’s license, and it has now emerged that the company is going to temporarily lay off around 25% of its employees in order to save on costs.
According to ...
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