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BRIEF-Canntrust Discloses Notice Of Licence Suspension

Published 2019-09-17, 03:16 p/m
Updated 2019-09-17, 03:20 p/m
© Reuters.  BRIEF-Canntrust Discloses Notice Of Licence Suspension

© Reuters. BRIEF-Canntrust Discloses Notice Of Licence Suspension

Sept 17 (Reuters) - CannTrust Holdings Inc TRST.TO :

* 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

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