Yahoo Finance Obtains Exclusive Footage of CannTrust’s Largest Illegal Grow Room in Operation
Video Footage Supplied by Original CannTrust Whistleblower Nick Lalonde
The same whistleblower that originally brought the CannTrust (TSX: TRST) (NYSE: CTST) Health Canada scandal to light is making headlines once again after releasing new video footage allegedly showing the company’s largest unlicenced cultivation room in operation. In July of this year, news broke that CannTrust had failed its Health Canada audit due to its cultivation of cannabis in unlicensed rooms at its Pelham, Ontario facility.
The whistleblower, Nick Lalonde, worked for CannTrust from July 2017 until he left the company earlier this year before the scandal became front-page news that dominated the headlines all summer. Lalonde supplied crucial intel that would eventually lead to the termination of CannTrust’s CEO Peter Aceto followed by Health Canada suspending the company’s cultivation and sales licenses this September.
View the Full Timeline of the CannTrust Scandal Here
Since news of the initial Health Canada scandal broke, shares of CannTrust’s stock have crumbled losing over 80% of its value in the process. The company has since destroyed more than $70 million worth of cannabis inventory as part of their plan to hopefully have Health Canada reinstate its licenses.
Source: Barchart.com
New Video Surfaces
Yesterday, Yahoo Finance Canada obtained a video from Lalonde that was shot and stored on a cell phone that the former CannTrust employee used while working for the Canadian licensed producer (LP). The reason for the video just being released now was due to the phone being damaged. Lalonde recently paid to have the phone repaired to obtain the footage of the illegal grow.
According to Lalonde, the video shows the same CannTrust RG8 grow room that was featured in the company’s promo video and the images sent to Health Canada. The same room in which Lalonde says he was instructed put up plastic walls to hide the illegal operation taking place in the unlicensed room from the cameras.
“Out of the five illegal grow rooms, that was the most important one. That was the biggest one. It was the most important range in the facility, and it’s an illegal range,” said Lalonde in a phone interview with Yahoo Finance Canada.
The video in question has been confirmed by a CannTrust spokesperson as being shot at the company’s facility.
Watch the Video Courtesy of Yahoo Finance Canada Below
Video source: Yahoo Finance Canada
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