Global Markets: Canadian cannabis company destroying C$65 million in inventory

WINNIPEG, Oct. 15 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally.

– Canadian cannabis producer CannTrust Holdings Inc. announced it will destroy C$12 million worth of plants, or about C$65 million in inventory, in order to “regain full regulatory compliance.” Health Canada froze over half of the company’s marijuana stocks earlier in the year due to reports that the company was illegally growing the plant.

– United States Democratic presidential hopefuls will take the stage for another debate in Ohio tonight. The debate will likely revolve around topics including impeachment and the abrupt withdrawal of U.S. troops from Syria.

– China is reportedly willing to purchase more U.S. agricultural products as “phase one” of the trade deal. However, it’s unlikely that the purchases will total between US$40 and US$50 billion, as U.S. President Donald Trump initially promised. These purchases are in exchange for relief on upcoming tariffs.


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