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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%)
Prev Close
$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)

NYSE To Suspend Trading Immediately In Canntrust Holdings Inc. (CTST) And Commence Delisting Proceedings
Tuesday, 31 Mar 2020 

March 31 (Reuters) - The New York Stock Exchange LLC::NYSE TO SUSPEND TRADING IMMEDIATELY IN CANNTRUST HOLDINGS INC. (CTST) AND COMMENCE DELISTING PROCEEDINGS.  Full Article

CannTrust Provides Update Regarding TSX Listing
Wednesday, 18 Mar 2020 

March 18 (Reuters) - CannTrust Holdings Inc ::CANNTRUST PROVIDES UPDATE REGARDING TSX LISTING.CANNTRUST HOLDINGS INC - TSX EXTENDS CANNTRUST'S DISCLOSURE REQUIREMENTS DEADLINE.CANNTRUST HOLDINGS INC - TSX IS ALSO REVIEWING CANNTRUST'S ELIGIBILITY FOR MAINTAINING ITS TSX LISTING..CANNTRUST HOLDINGS INC - TSX HAS EXTENDED COMPANY'S CURRENT MARCH 25, 2020 DEADLINE FOR SATISFYING CERTAIN DISCLOSURE REQUIREMENTS.CANNTRUST HOLDINGS INC - TSX HAS DETERMINED TO DEFER ANY DELISTING DECISION UNTIL NO LATER THAN APRIL 16, 2020..CANNTRUST HOLDINGS INC - REQUESTED TSX TO PUSH DEADLINE BECAUSE CO WAS NOT CONFIDENT DISCLOSUERS COULD BE COMPLETED BY MARCH 25.CANNTRUST HOLDINGS INC - CANNTRUST REMAINS IN DEFAULT OF ITS DISCLOSURE OBLIGATIONS UNDER SECURITIES LEGISLATION.CANNTRUST HOLDINGS INC - HAS TERMINATED OR LAID-OFF A SIGNIFICANT PORTION OF ITS WORKFORCE.CANNTRUST HOLDINGS INC - AS OF FEBRUARY 29, 2020, CANNTRUST HAD A CASH BALANCE OF APPROXIMATELY $159 MILLION.  Full Article

CannTrust Holdings Inc - Canntrust Remains In Default Of Its Disclosure Obligations Under Securities Legislation
Friday, 28 Feb 2020 

Feb 27 (Reuters) - CannTrust Holdings Inc ::CANNTRUST HOLDINGS INC - CANNTRUST REMAINS IN DEFAULT OF ITS DISCLOSURE OBLIGATIONS UNDER SECURITIES LEGISLATION.CANNTRUST HOLDINGS INC - HAS TERMINATED OR LAID-OFF A SIGNIFICANT PORTION OF ITS WORKFORCE.CANNTRUST HOLDINGS INC - FACING VARIETY OF REGULATORY INVESTIGATIONS, AND HAS SIGNIFICANT CONTINGENT LIABILITIES IN BOTH CANADA AND U.S..CANNTRUST HOLDINGS INC - AS OF JANUARY 31, 2020, CANNTRUST HAD A CASH BALANCE OF APPROXIMATELY $167 MILLION.  Full Article

Canntrust Announces New CEO And Provides Updates On Remediation Plan And NYSE Listing
Friday, 14 Feb 2020 

Feb 13 (Reuters) - CannTrust Holdings Inc ::CANNTRUST ANNOUNCES NEW CEO AND PROVIDES UPDATES ON REMEDIATION PLAN AND NEW YORK STOCK EXCHANGE LISTING.ANNOUNCED APPOINTMENT OF GREG GUYATT AS COMPANY'S CHIEF EXECUTIVE OFFICER.ANTICIPATES THAT REMEDIATION ACTIVITIES AT COMPANY'S VAUGHAN FACILITY WILL REACH COMPLETION DURING Q2 OF 2020.CANNTRUST HOLDINGS- INTERIM CEO MARCOVITCH WILL REMAIN WITH CO AS NON-EXECUTIVE CHAIR OF BOARD AND RESUME ROLE AS MEMBER OF SPECIAL COMMITTEE.DAVID BLAIR, CURRENTLY COMPANY'S VICE-PRESIDENT OF FINANCE, WILL ASSUME ROLE OF INTERIM CFO.COMPANY HAS INITIATED A PROCESS TO IDENTIFY A PERMANENT CFO.CANNTRUST HOLDINGS- WILL BE SUBMITTING ON FEB 14, 2020 DOCUMENTATION TO HEALTH CANADA FOR COMPLETION OF CO'S REMEDIATION ACTIVITIES AT NIAGARA FACILITY.THAT IT HAS RECEIVED EXTENSION FOR CONTINUED LISTING AND TRADING OF CO'S COMMON SHARES ON NEW YORK STOCK EXCHANGE.SPECIAL COMMITTEE APPOINTED BY BOARD TO FOCUS ITS ATTENTION ON IDENTIFYING AND CONSIDERING POTENTIAL STRATEGIC ALTERNATIVES.NO ASSURANCE CAN BE GIVEN THAT HEALTH CANADA WILL REINSTATE EITHER NIAGARA OR VAUGHAN FACILITY LICENSES.EXTENSION GRANTED BY NYSE PROVIDES CO WITH AN ADDITIONAL TRADING PERIOD THROUGH APRIL 15, 2020.  Full Article

CannTrust Receives Continued Listing Notice From NYSE
Wednesday, 11 Dec 2019 

Dec 10 (Reuters) - CannTrust Holdings Inc ::CANNTRUST RECEIVES CONTINUED LISTING NOTICE FROM THE NYSE.CANNTRUST HOLDINGS - ON DEC 9, RECEIVED WRITTEN NOTIFICATION FROM NYSE CO IS NO LONGER IN COMPLIANCE WITH NYSE'S CONTINUED LISTING STANDARD.  Full Article

Canntrust - Fully Anticipates Filing Associated Disclosures And Meeting TSX's Requirements Prior To March 25, 2020
Friday, 6 Dec 2019 

Dec 5 (Reuters) - CannTrust Holdings Inc ::CANNTRUST - FULLY ANTICIPATES FILING ASSOCIATED DISCLOSURES AND MEETING TSX'S REQUIREMENTS PRIOR TO MARCH 25, 2020.CANNTRUST - EXPECTS NUMBER OF PUTATIVE CLASS ACTIONS AGAINST IT TO BE CONSOLIDATED IN COMING MONTHS.CANNTRUST - ANTICIPATES COMPLETING ALL OF ACTIVITIES DESCRIBED WITHIN ITS REMEDIATION PLAN BY END OF Q1 OF 2020.  Full Article

CannTrust Says TSX Advised Co It Intends To Review CannTrust's Eligibility For Continued Listing Of Shares On TSX
Wednesday, 27 Nov 2019 

Nov 26 (Reuters) - CannTrust Holdings Inc ::CANNTRUST PROVIDES UPDATE REGARDING TSX LISTING.CANNTRUST HOLDINGS INC - TSX ADVISED CO IT INTENDS TO REVIEW CANNTRUST'S ELIGIBILITY FOR CONTINUED LISTING OF SHARES ON TSX.CANNTRUST HOLDINGS INC - ANTICIPATES FILING DISCLOSURES AND MEETING TSX'S REQUIREMENTS BEFORE MARCH 25, 2020.CANNTRUST HOLDINGS - TSX ADVISED THAT, IF CO UNABLE TO CURE DEFAULTS BY MARCH 25, 2020, CO'S SECURITIES WILL BE DELISTED 30 DAYS FOLLOWING SUCH DATE.CANNTRUST HOLDINGS - CONTINUES TO MAKE PROGRESS IN WORKING WITH INDEPENDENT AUDITOR IN CONNECTION WITH PREPARING FINANCIAL STATEMENTS.  Full Article

Canntrust Advances Its Plan Towards Regulatory Compliance
Monday, 14 Oct 2019 

Oct 14 (Reuters) - CannTrust Holdings Inc ::CANNTRUST ADVANCES ITS PLAN TOWARDS REGULATORY COMPLIANCE.BOARD HAS DETERMINED THAT IT IS NECESSARY TO DESTROY APPROXIMATELY $12 MILLION OF BIOLOGICAL ASSETS.EXACT AMOUNT OF MATERIAL DESTROYED WILL BE VALIDATED & VERIFIED ONCE DESTRUCTION IS COMPLETE.BOARD HAS DETERMINED IT IS NECESSARY TO DESTROY ABOUT $65 MILLION WORTH OF INVENTORY THAT WAS NOT AUTHORIZED BY CANNTRUST'S LICENCE.WILL PROVIDE A DETAILED REMEDIATION PLAN TO HEALTH CANADA ON OR BEFORE OCTOBER 21.UNABLE TO PROCESS MATERIAL BEING DESTROYED OR SELL IT TO OTHER LICENSED PRODUCERS.REMEDIATION PLAN TO AIM TO ADDRESS MEASURES IDENTIFIED BY HEALTH CANADA AS NECESSARY FOR REINSTATEMENT OF CO'S LICENSES.WILL NOT CHALLENGE HEALTH CANADA'S PARTIAL SUSPENSIONS.  Full Article

Canntrust Discloses Notice Of Licence Suspension
Wednesday, 18 Sep 2019 

Sept 17 (Reuters) - CannTrust Holdings Inc ::CANNTRUST DISCLOSES NOTICE OF LICENCE SUSPENSION.CANNTRUST HOLDINGS INC - RECEIVED LATE THIS MORNING A NOTICE OF LICENCE SUSPENSION UNDER SECTION 64(1) OF CANNABIS ACT.CANNTRUST HOLDINGS INC - NOTICE STATES THAT HEALTH CANADA SUSPENDED CANNTRUST'S AUTHORITY TO PRODUCE CANNABIS.CANNTRUST HOLDINGS INC - NOTICE CITES COMPANY'S PREVIOUS NON-COMPLIANCE WITH CERTAIN REQUIREMENTS OF CANNABIS ACT (CANADA).CANNTRUST HOLDINGS INC - MANAGEMENT AND BOARD OF DIRECTORS ARE REVIEWING NOTICE WITH COMPANY'S COUNSEL AND OTHER ADVISORS.CANNTRUST HOLDINGS INC - "REMAINS COMMITTED" TO BEING IN FULL REGULATORY COMPLIANCE.CANNTRUST HOLDINGS INC - WHILE SUSPENSION REMAINS IN EFFECT, CANNTRUST WILL BE PERMITTED TO CULTIVATE AND HARVEST EXISTING LOTS.CANNTRUST HOLDINGS INC - OVER PAST TWO MONTHS, COMPANY HAS MOVED TO ASSESS AND ADDRESS HEALTH CANADA'S CONCERNS.CANNTRUST HOLDINGS INC - NOTICE STATES THAT HEALTH CANADA WILL REINSTATE CANNTRUST'S LICENCES IF REASONS FOR SUSPENSION NO LONGER EXIST.CANNTRUST HOLDINGS INC - HEALTH CANADA HAS SUSPENDED CANNTRUST'S AUTHORITY TO PRODUCE CANNABIS, OTHER THAN CULTIVATING & HARVESTING, TO SELL CANNABIS.CANNTRUST - DURING SUSPENSION, MAY NOT PROPAGATE NEW LOTS OR BATCHES OF CANNABIS OR ENGAGE IN SALE OR DISTRIBUTION OF CANNABIS.  Full Article

Canntrust Says Reduced Its Workforce By About 180 People Or 20%
Friday, 6 Sep 2019 

Sept 5 (Reuters) - CannTrust Holdings Inc ::CANNTRUST AFFIRMS ITS COMMITMENT TO REGULATORY COMPLIANCE AND RESTORING TRUST.AS PART OF ITS REVIEW OF OPERATIONS, CANNTRUST REDUCES WORKFORCE AND SPEND WHILE PRESERVING KEY TALENT.CANNTRUST REDUCED ITS WORKFORCE BY APPROXIMATELY 180 PEOPLE, OR 20%.REDUCED WORKFORCE EXPECTED TO RESULT IN ANNUAL CASH SAVINGS OF ABOUT $9 MILLION.MAJORITY OF AFFECTED EMPLOYEES WERE IN CULTIVATION AND CUSTOMER SERVICE SUPPORT ROLES.  Full Article

BRIEF-Canntrust Receives Notice From Health Canada Of License Reinstatement For Its Fenwick Facility

* CANNTRUST RECEIVES NOTICE FROM HEALTH CANADA OF LICENSE REINSTATEMENT FOR ITS FENWICK FACILITY

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