Cannabis In The News: What Happened This Week?
Another week over. Time to recap on what we learned and what entertained us over the past few days!
CBD Capsules Recall In New Brunswick
Vancouver based Zenabis was forced to recall 770 bottles of CBD capsules in New Brunswick this week. The caps in question were found to contain 2.247 mg instead of the .19 mg indicated on the label. Although the capsules contained over 1000% more THC than advertised, they still contained a very, very low dose of THC. No complaints from the public were received by either Zenabis or Health Canada.
Canada:
CBD Capsules Recall In New Brunswick
Vancouver based Zenabis was forced to recall 770 bottles of CBD capsules in New Brunswick this week. The caps in question were found to contain 2.247 mg instead of the .19 mg indicated on the label. Although the capsules contained over 1000% more THC than advertised, they still contained a very, very low dose of THC. No complaints from the public were received by either Zenabis or Health Canada.
Canadian LP Sued By American Company
Tilray, a BC based LP, stands accused of an alleged scheme to bankrupt soap company Trimax, located in Florida. Trimax alleges that Tilray hoped to acquire their CBD line of soaps for “pennies on the dollar”. According to the lawsuit filed earlier in December, Tilray’s parent company Privateer Holdings tried to convince Trimax’s owners to bankrupt their own company. Like many Canadian cannabis businesses, Tilray saw its share prices steadily drop throughout 2019 and since the start of the year, the company has lost about 80 percent of its market cap. More details are expected in the New Year.