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BRIEF-CannTrust Voluntary Hold On Product Sales And Formation Of Independent Special Committee

Published 2019-07-11, 07:37 p/m
Updated 2019-07-11, 07:40 p/m
BRIEF-CannTrust Voluntary Hold On Product Sales And Formation Of Independent Special Committee

July 11 (Reuters) - CannTrust Holdings Inc TRST.TO :

* CANNTRUST VOLUNTARY HOLD ON PRODUCT SALES AND FORMATION OF INDEPENDENT SPECIAL COMMITTEE OF THE BOARD OF DIRECTORS

* CANNTRUST PLACED A HOLD ON MEDICAL SALES THROUGH THEIR CUSTOMER SERVICE LINE AND ONLINE AS OF 11:59 P.M. ON JULY 10

* CANNTRUST HOLDINGS - AT THIS TIME, IMPACT OF THESE MATTERS ON CANNTRUST'S FINANCIAL RESULTS ARE UNKNOWN UNTIL REGULATORY REVIEW PROCESS IS COMPLETE

* SAYS HAS ALSO ANNOUNCED THAT A SPECIAL COMMITTEE OF BOARD OF DIRECTORS HAS BEEN ESTABLISHED

* CANNTRUST- IMPLEMENTED VOLUNTARY HOLD ON SALE, SHIPMENT OF ALL CANNABIS PRODUCTS AS PRECAUTION WHILE HEALTH CANADA VISITS, REVIEWS VAUGHAN MANUFACTURING FACILITY

* SAYS PURPOSE OF SPECIAL COMMITTEE IS TO INVESTIGATE VOLUNTARY HOLD ON PRODUCT SALES IN ITS ENTIRETY

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