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BRIEF-Canntrust Announces Anticipated Late Filing Of Financial Statements And Proposed Management Cease Trade Order

Published 2019-08-01, 06:21 p/m
© Reuters.  BRIEF-Canntrust Announces Anticipated Late Filing Of Financial Statements And Proposed Management Cease Trade Order
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Aug 1 (Reuters) - CannTrust Holdings Inc TRST.TO :

* 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

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