|Bid||0.1050 x 0|
|Ask||0.1050 x 0|
|Day's Range||0.8700 - 0.9800|
|52 Week Range||0.4750 - 10.4100|
|Beta (5Y Monthly)||4.30|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 13, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.13|
VAUGHAN, Ont. — CannTrust Holdings Inc. says it has obtained protection from creditors under the Companies' Creditors Arrangement Act as it works resolve issues related the suspension of its licenses to produce and sell cannabis.The company has been under fire since it disclosed last year that Health Canada had discovered illicit cultivation in unlicensed rooms at its Pelham, Ont., greenhouse.CannTrust says the court protection from creditors will allow it to complete its remediation plan for its Vaughan facility without disruption and submit the related evidence package to Health Canada.It says creditor protection will also allow it to explore a plan to deal with the multiple class actions and other litigation brought against the company in the wake of its disclosures last year.CannTrust says its board determined that commencing CCAA proceedings was in the company's best interests after reviewing a number of options.This report by The Canadian Press was first published March 31, 2020.Companies in this story: (TSX:TRST) The Canadian Press
VAUGHAN, ON, March 31, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that the Company has obtained an order (the "Initial Order") from the Ontario Superior Court of Justice (Commercial List) (the "Court") granting protection under the Companies' Creditors Arrangement Act (Canada) ("CCAA"). In accordance with the Initial Order, all creditors of CannTrust, CannTrust Inc., CTI Holdings (Osoyoos) Inc., and Elmcliffe Investments Inc. (the "Applicants"), as well as the plaintiffs in the putative class actions and other litigation brought against the Applicants, will be stayed from enforcing their claims. The Initial Order provides for a stay of proceedings in favour of the Applicants for an initial period of 10 days, subject to such extensions as the Court may subsequently order, and the appointment of Ernst & Young Inc. as Monitor in the CCAA proceedings.
TORONTO , March 31, 2020 /CNW/ - The following issues have been halted by IIROC: Company: CannTrust Holdings Inc. TSX Symbol: TRST (all issues) Reason: Pending News Halt Time (ET): 8:00 AM IIROC can make ...
VAUGHAN, ON , March 26, 2020 /CNW/ – CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) today provided a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders ("NP 12-203"), which require the Company to provide bi-weekly updates until such time as the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order ("MCTO") issued by the Ontario Securities Commission. The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company files an interim financial report for the three and six month periods ended June 30, 2019, an interim management's discussion and analysis for the corresponding period and certifications of interim filings.
VAUGHAN, ON , March 23, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that it received a notification from Health Canada as a result of current circumstances created by COVID-19. As a precautionary measure for the health and safety of its employees and the community, Health Canada's Cannabis Directorate is reducing onsite field inspection activities until at least March 31, 2020 . CannTrust noted that many commercial enterprises, including the Company itself, have been reducing their onsite activities in response to COVID-19.
VAUGHAN, ON , March 18, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that the Toronto Stock Exchange ("TSX") has extended the Company's current March 25, 2020 deadline for satisfying certain disclosure requirements but is also reviewing CannTrust's eligibility for maintaining its TSX listing.
During CannTrust's (CTST) fourth-quarter earnings call, investor focus will be on the updates pertaining to the company's default status reports and completion of its remediation activities.
VAUGHAN, ON, Feb. 28, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that on February 27, 2020 the Company received written notification from the New York Stock Exchange (the "NYSE") that CannTrust is no longer in compliance with the NYSE's continued listing standard rules because the per share trading price of the Company's common shares has fallen below the NYSE's share price rule. The NYSE requires the average closing price of a listed company's common shares to be at least US $1.00 per share over a consecutive 30 trading-day period.
Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) may recover this year after a disappointing earnings result, but this other pot stock could double or even triple in value.
VAUGHAN, Ont. — CannTrust Holdings Inc. says it has appointed its chief financial officer, Greg Guyatt, to be its CEO as the company works to come back from the fallout of its operation of unlicensed grow rooms.The Vaughan, Ont.-based cannabis company fired previous chief executive officer Peter Aceto last July following its internal investigation into the company's non-compliance with Health Canada regulations. It says it will also submit documents to Health Canada on Friday about its completion of the remediation activities at its Niagara facility as it seeks to have its licence for the facility reinstated.The company says it expects remediation activities at the company's Vaughan facility will be completed in the second quarter of 2020 and it will then submit documents to Health Canada in support of reinstatement of that facility's licences.CannTrust says that with licencing measures moving forward, the board will focus on identifying and considering strategic alternatives for the company.The company notes that it is currently in default of its disclosure obligations, has no meaningful revenues, has laid-off a significant portion of its workforce, has significant liabilities in Canada and the U.S., including potential civil and criminal, and is facing a variety of regulatory investigations.This report by The Canadian Press was first published Feb. 14, 2020.Companies in this story: (TSX:TRST) The Canadian Press
VAUGHAN, ON, Feb. 13, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced the appointment of Greg Guyatt as the Company's Chief Executive Officer and provided an update on the status of both its remediation plan and its New York Stock Exchange ("NYSE") listing.