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BRIEF-CannTrust Announces Receipt Of Management Cease Trade Order And Provides Interim Update

Published 2019-08-15, 06:24 p/m
© Reuters.  BRIEF-CannTrust Announces Receipt Of Management Cease Trade Order And Provides Interim Update
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Aug 15 (Reuters) - CannTrust Holdings Inc TRST.TO :

* CANNTRUST ANNOUNCES RECEIPT OF MANAGEMENT CEASE TRADE ORDER AND PROVIDES INTERIM UPDATE

* CANNTRUST - HEALTH CANADA HAS ADVISED COMPANY THAT IT IS UNABLE TO PROVIDE ANY GUIDANCE ABOUT TIMING OR CONTENT OF ITS DECISIONS CONCERNING COMPANY.

* CANNTRUST HOLDINGS INC - ESTIMATES IMPACTED INVENTORY REPRESENTS APPROXIMATELY 53% OF COMPANY'S TOTAL INVENTORY AS AT JUNE 30, 2019

* CANNTRUST HOLDINGS INC - PREPARING A REMEDIATION PLAN FOR SUBMISSION TO AND CONSIDERATION BY HEALTH CANADA.

* CANNTRUST HOLDINGS INC - IMPACTED BIOLOGICAL ASSETS REPRESENT APPROXIMATELY 30% OF COMPANY'S TOTAL BIOLOGICAL ASSETS AS AT JUNE 30, 2019

* CANNTRUST HOLDINGS INC - TO DATE COMPANY HAS NOT HAD ANY SUBSTANTIVE DISCUSSIONS WITH HEALTH CANADA CONCERNING REMEDIATION MATTERS

* CANNTRUST HOLDINGS INC - INSTITUTED A VOLUNTARY HOLD OF APPROXIMATELY 7,500KG OF DRIED CANNABIS EQUIVALENT AT ITS VAUGHAN MANUFACTURING FACILITY

* CANNTRUST - IF HEALTH CANADA ORDERS DESTRUCTION OF PRODUCT GROWN IN UNLICENSED ROOMS, Q2 RESULTS WILL BE MATERIALLY ADVERSELY HIT

* CANNTRUST HOLDINGS INC - APPLICATION FOR A MANAGEMENT CEASE TRADE ORDER HAS BEEN APPROVED BY ONTARIO SECURITIES COMMISSION

* CANNTRUST HOLDINGS - NYSE ADVISED CO THAT IT IS VIEWED AS NO LONGER HAVING COMPLETE ANNUAL REPORT ON FORM 40-F ON FILE FOR YEAR ENDED DEC 31, 2018.

* CANNTRUST HOLDINGS INC - TRADING OF COMPANY'S SECURITIES ON TSX AND NYSE CONTINUES

* CANNTRUST HOLDINGS INC - NYSE ADVISED COMPANY THAT IT WILL CLOSELY MONITOR STATUS OF COMPANY'S LATE FILING

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