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Podcast: The Winning Momentum Podcast with Scott Sinclair
Episode: In Crisis and Overwhelmed: CannTrust Shows Us What Not To Do In A Turnaround
Description: CannTrust Holdings (TSX: TRST; NYSE: CTST), a Canadian licensed cannabis producer, has lost over $600 million of market value in the last sixty days. In doing so, it has provided us with an excellent case study on what not to do in a crisis or turnaround.Some highlights from CannTrust’s action-packed July:- Following a whistleblower disclosure, they received an audit report from Health Canada, their regulator, observing the growing of cannabis in five unlicensed rooms and inaccurate information provided to the regulator by CannTrust employees. It’s alleged the company built false walls to conce...