Canadian cannabis company CannTrust says its licences have been reinstated

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Canadian cannabis company CannTrust Holdings Inc. said Thursday that the licences for its Vaughan manufacturing facility have been reinstated and that it will resume cultivation operations immediately. The company’s licenses were suspended after it was found to be growing cannabis illegally in unlicensed rooms. The company remains under the protection of the Companies’ Creditors Arrangement Act as it works to resolve civil litigation and complete a review of its strategic options. “In the meantime, the Company remains without meaningful revenues and has terminated or laid-off a significant portion of its workforce,” it said in a statement. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.