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CannTrust Holdings Inc (TRST.TO)

TRST.TO on Toronto Stock Exchange

0.91CAD
30 Mar 2020
Change (% chg)

$0.00 (+0.00%)
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$0.91
Open
$0.87
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$0.87
Volume
321,423
Avg. Vol
453,636
52-wk High
$8.67
52-wk Low
$0.48

Latest Key Developments (Source: Significant Developments)

Canntrust Says On April 6, Received Notice From TSX Of Its Intention To Delist Co's Shares Effective At Close Of Market On May 6
Friday, 10 Apr 2020 

April 9 (Reuters) - CannTrust Holdings Inc ::ON APRIL 6, RECEIVED NOTICE FROM TORONTO STOCK EXCHANGE OF TSX'S INTENTION TO DELIST CO'S SHARES EFFECTIVE AT CLOSE OF MARKET ON MAY 6.ONTARIO SECURITIES COMMISSION HAS ADVISED CO THAT STAFF WILL BE SEEKING A CEASE TRADE ORDER TO PREVENT ANY TRADING IN SHARES IN CANADA.CANNTRUST HAS RECEIVED NOTICE OF RELIEF FROM HEALTH CANADA REGARDING COMPANY'S PARTIAL LICENSE SUSPENSION AT ITS NIAGARA FACILITY.COMPANY WILL NOW BE PERMITTED TO PROPAGATE MOTHER PLANTS IN ACCORDANCE WITH AGREED UPON TERMS FROM HEALTH CANADA..AS OF MARCH 31, 2020, CANNTRUST HAD A CASH BALANCE OF APPROXIMATELY $140 MILLION..  Full Article

Canntrust To Temporarily Cut Workforce By As Many As 140 People
Friday, 25 Oct 2019 

Oct 24 (Reuters) - CannTrust Holdings Inc ::CANNTRUST PROVIDES PROGRESS UPDATE REGARDING REMEDIATION PLAN.CANNTRUST HOLDINGS INC - SPECIAL COMMITTEE INVESTIGATION HAS CONCLUDED.CANNTRUST HOLDINGS INC - CANNTRUST SUBMITTED ITS DETAILED REMEDIATION PLAN TO HEALTH CANADA ON OCTOBER 21, 2019..CANNTRUST HOLDINGS INC - ANTICIPATES COMPLETING ALL OF ACTIVITIES DESCRIBED WITHIN ITS REMEDIATION PLAN BY END OF Q1 OF 2020.CANNTRUST - FURTHER TEMPORARY REDUCTION IN WORKFORCE TO ALIGN WITH REDUCED OPERATIONS FOLLOWING HEALTH CANADA'S PARTIAL SUSPENSION OF LICENSES.CANNTRUST HOLDINGS INC - WILL TEMPORARILY STREAMLINE ITS WORKFORCE BY AS MANY AS 140 PEOPLE, OR ABOUT ONE QUARTER.CANNTRUST HOLDINGS INC - TO HOLD PHASED LAYOFFS BETWEEN LATE OCTOBER AND CONCLUSION OF 2019.CANNTRUST HOLDINGS INC - HEADCOUNT REDUCTIONS ARE EXPECTED TO RESULT IN MONTHLY CASH SAVINGS OF ABOUT $0.4 MILLION.CANNTRUST HOLDINGS INC - WILL INCUR SEVERANCE OF UP TO $0.8 MILLION IN EVENT THAT EMPLOYEES ARE NOT RECALLED WITHIN 35 WEEKS.CANNTRUST - REALIZED CASH SAVINGS AS RESULT OF LAYOFF DEPENDS ON TIMING OF EMPLOYEE RECALLS PENDING REINSTATEMENT OF CO'S LICENSES BY HEALTH CANADA.  Full Article

Canntrust Says Has Accepted Health Canada's Findings And Remedial Actions Are Underway
Monday, 12 Aug 2019 

Aug 12 (Reuters) - CannTrust Holdings Inc ::CANNTRUST PROVIDES INTERIM UPDATE.CANNTRUST HOLDINGS INC - EXPECTS TO PROPOSE A REMEDIATION PLAN TO HEALTH CANADA..CANNTRUST HOLDINGS INC - ALREADY BEGUN PROCESS OF INVESTIGATING AND REMEDIATING ROOT CAUSES OF ANY NON-COMPLIANCE.CANNTRUST HOLDINGS - HEALTH CANADA NOTIFYING CO THAT ITS MANUFACTURING FACILITY IN VAUGHAN, HAS BEEN RATED NON-COMPLIANT WITH CERTAIN REGULATIONS.CANNTRUST HOLDINGS INC - CANNTRUST HAS ACCEPTED HEALTH CANADA'S FINDINGS AND REMEDIAL ACTIONS ARE UNDERWAY.CANNTRUST - HEALTH CANADA HAS ADVISED CO THAT IT IS CURRENTLY UNABLE TO PROVIDE ANY GUIDANCE ABOUT TIMING OR CONTENT OF ITS DECISIONS CONCERNING CO.CANNTRUST - HEATH CANADA'S INSPECTION NOTED THAT DOCUMENTS/INFORMATION WERE NOT RETAINED IN A MANNER TO ENABLE IT TO COMPLETE AUDIT IN A TIMELY MANNER.CANNTRUST - HEATH CANADA'S INSPECTION NOTED STANDARD OPERATING PROCEDURES THAT DID NOT TO MEET REQUIREMENTS UNDER REGULATIONS.CANNTRUST - HEATH CANADA'S INSPECTION NOTED INSUFFICIENT SECURITY CONTROLS AT MANUFACTURING FACILITY IN VAUGHAN, ONTARIO.  Full Article

Canntrust Announces Anticipated Late Filing Of Financial Statements And Proposed Management Cease Trade Order
Friday, 2 Aug 2019 

Aug 1 (Reuters) - CannTrust Holdings Inc ::CANNTRUST ANNOUNCES ANTICIPATED LATE FILING OF FINANCIAL STATEMENTS AND PROPOSED MANAGEMENT CEASE TRADE ORDER.CANNTRUST - UNCERTAINTY ABOUT POTENTIAL IMPACT OF PENDING HEALTH CANADA DECISIONS ON VALUATION OF CO'S INVENTORY, BIOLOGICAL ASSETS, REVENUE RECOGNITION.CANNTRUST HOLDINGS INC - ESTIMATES VALUE OF IMPACTED INVENTORY AND BIOLOGICAL ASSETS IS ABOUT $51 MILLION AS AT JUNE 30, 2019.CANNTRUST HOLDINGS INC - ESTABLISHED BLACKOUT ON TRADING BY DIRECTORS, OFFICERS AND OTHER INSIDERS OF COMPANY.CANNTRUST - EFFECTS OF HEALTH CANADA DECISIONS MAY ALSO NEED RESTATEMENT OF SOME HISTORICAL STATEMENTS FOR PERIODS ENDED DEC 31, 2018 & MARCH 31, 2019.CANNTRUST HOLDINGS INC - NOT CURRENTLY SUBJECT TO ANY INSOLVENCY PROCEEDINGS.CANNTRUST - STAFF OF OSC ADVISED SPECIAL COMMITTEE'S LEGAL COUNSEL THAT AN INVESTIGATION HAS BEEN OPENED INTO MATTERS AND PARTIES RELATED TO CANNTRUST.CANNTRUST HOLDINGS INC - INVESTIGATION INTO MATTERS RELATED TO CO ASSIGNED TO JOINT SERIOUS OFFENCES TEAM OF ENFORCEMENT BRANCH OF OSC.  Full Article

Stenocare Says Unharmed By Health Canada's Audit Of Canntrust
Tuesday, 9 Jul 2019 

July 9 (Reuters) - Stenocare A/S ::UNHARMED BY HEALTH CANADA'S AUDIT OF CANNTRUST.ALL BATCHES OF PRODUCTS RECEIVED BY STENOCARE FROM CANNTRUST, BUT ONE, ARE UNRELATED TO CURRENT ISSUE.THE ONE RELATED BATCH, VERY SMALL AND STILL IN STOCK, HAS BEEN IDENTIFIED AND IS PUT IN QUARANTINE.STENOCARE EXPECTS TO BE UNHARMED FINANCIALLY OR OTHERWISE FROM THIS UNFORTUNATE MATTER.  Full Article

CannTrust Says Got Health Canada Report That Co's Greenhouse Facility In Pelham Is Non-Compliant With Certain Regulations
Monday, 8 Jul 2019 

July 8 (Reuters) - CannTrust Holdings Inc ::CANNTRUST STATEMENT REGARDING HEALTH CANADA AUDIT.CANNTRUST - RECEIVED COMPLIANCE REPORT FROM HEALTH CANADA THAT ITS GREENHOUSE FACILITY IN PELHAM, ONTARIO IS NON-COMPLIANT WITH CERTAIN REGULATIONS.CANNTRUST - ACCEPTED HEALTH CANADA'S NON-COMPLIANCE FINDING AND HAS TAKEN ACTIONS TO ENSURE CURRENT AND FUTURE COMPLIANCE.CANNTRUST HOLDINGS - HEALTH CANADA IS CONDUCTING QUALITY CHECKS OF PRODUCT SAMPLES ON HOLD AT PELHAM, WITH RESULTS EXPECTED IN 10 TO 12 BUSINESS DAYS.CANNTRUST HOLDINGS INC - DUE TO PRODUCT ON HOLD, SOME CANNTRUST CUSTOMERS AND PATIENTS WILL EXPERIENCE TEMPORARY PRODUCT SHORTAGES.CANNTRUST HOLDINGS INC - EXPLORING OPTIONS TO MITIGATE TEMPORARY PRODUCT SHORTAGES.  Full Article

Canntrust Holdings Finalizes Letter Of Intent With SQDC To Secure National Distribution
Monday, 13 May 2019 

May 13 (Reuters) - CannTrust Holdings Inc ::CANNTRUST FINALIZES LETTER OF INTENT WITH SQDC TO SECURE NATIONAL DISTRIBUTION.CANNTRUST HOLDINGS - FINALIZED LETTER OF INTENT WITH SOCIÉTÉ QUÉBÉCOISE DU CANNABIS TO PROVIDE QUEBEC WITH CANNABIS FOR THE RECREATIONAL MARKET.  Full Article

Canntrust Closes Previously Announced Public Offering
Tuesday, 7 May 2019 

May 6 (Reuters) - CannTrust Holdings Inc ::CANNTRUST CLOSES PREVIOUSLY ANNOUNCED PUBLIC OFFERING.CANNTRUST HOLDINGS INC - CLOSING OF PREVIOUSLY-ANNOUNCED UNDERWRITTEN PUBLIC OFFERING OF 36,4 MILLION SHARES AT A PRICE TO PUBLIC OF US$5.50 PER SHARE..  Full Article

Canntrust Holdings Receives Health Canada Approval For Phase 2 Expansion
Monday, 8 Apr 2019 

April 8 (Reuters) - CannTrust Holdings Inc ::CANNTRUST RECEIVES HEALTH CANADA APPROVAL FOR PHASE 2 EXPANSION.CANNTRUST HOLDINGS INC - ITS CULTIVATION AND PROCESSING PERMIT UNDER HEALTH CANADA CANNABIS REGULATIONS WAS AMENDED.CANNTRUST HOLDINGS INC - PERMIT AMENDED TO INCLUDE FINAL 20% OF ITS PHASE 2 EXPANSION.CANNTRUST HOLDINGS INC - LAST 20% OF PHASE 2 EXPANSION IS EXPECTED TO BE OPERATING AT FULL CAPACITY BY END OF Q2 2019.  Full Article

CannTrust Reports Qtrly Loss Per Share $0.26
Thursday, 28 Mar 2019 

March 28 (Reuters) - CannTrust Holdings Inc ::CANNTRUST REPORTS FINANCIAL RESULTS FOR Q4 2018.CANNTRUST REPORTED REVENUE OF $16.2 MILLION, A 132% INCREASE FROM Q4 OF 2017.QTRLY LOSS PER SHARE DILUTED $0.26.CANNTRUST HOLDINGS- COMPLETED PHASE 2 EXPANSION OF PERPETUAL HARVEST FACILITY EXPECTED TO INCREASE PRODUCTION CAPACITY TO 50,000KG ON AN ANNUALIZED BASIS.Q4 EARNINGS PER SHARE VIEW C$-0.04, REVENUE VIEW C$21.2 MILLION -- REFINITIV IBES DATA.  Full Article

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