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.”
CannTrust appointed Greg Guyatt Chief Executive. Guyatt was previously CFO.
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.
- 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.
No beverage producer is happy to hear aluminium can liners leach cannabinoids out of drinks.
Cantor Fitzgerald analyst Pablo Zuanic said Canada adopted “the worst of each [US] recreational state, and little of the good.”
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.”
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.”