The company said on Thursday it anticipates remediation activities at the company's Vaughan facility to reach completion during the second quarter of 2020.

Troubled cannabis company CannTrust Holdings Inc. is temporarily cutting as many as 140 people - roughly one quarter of its workforce.

CannTrust Holdings Inc. says it will destroy $77 million worth of pot plants and inventory as part of its efforts to comply with federal regulations.

About $1.3 million worth of CannTrust products will be returned by the AGLC after Health Canada suspended the company's licences to produce and sell pot.

A spokeswoman for the Alberta Gaming, Liquor & Cannabis Commission says it intends to return its remaining supply of on-hold CannTrust products to the company.

CannTrust Holdings Inc. says it received a notice of licence suspension from Health Canada, which has been investigating the cannabis company.

The move by the provincial retailer comes as CannTrust faces problems with Health Canada.

CannTrust expects to propose a remediation plan to Health Canada.

The Vaughan-based company says in a statement its board of directors terminated chief executive Peter Aceto with cause.

CannTrust shares have plummeted further after a report alleging that senior executives were aware of pot cultivation in rooms without government approval.