MJ Biz reports
Canadian cultivator Bonify shutting down in wake of illegal cannabis sales scandal
Canadian cannabis cultivator Bonify Holdings Corp. is shutting down, 2½ years after its sales license was suspended because the company sold illegally sourced marijuana into the regulated market.
Another Canadian company, CannTrust, is currently restructuring after violating federal cannabis regulations.
The impending closure of Winnipeg, Manitoba-based Bonify was announced in an Aug. 12 email to shareholders from CEO Pierre Morris. The email was obtained by MJBizDaily.
“The wind-down started on August 9, 2021 and will conclude in the next few weeks,” Morris wrote in the email, in which he cites “substantial challenges since (Bonify’s) inception, not the least of which was the suspension of its sales license for most of 2019.”
Linked in Page says