|Bid||0.0800 x 0|
|Ask||0.0800 x 0|
|Day's Range||0.8700 - 0.9800|
|52 Week Range||0.4750 - 2.0800|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.25|
VAUGHAN, ON, May 29, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") announced that it has received notice from Health Canada that the Company's licenses for its Fenwick Perpetual Harvest Facility (the "Fenwick facility") have been reinstated. CannTrust has been working in collaboration with Health Canada for many months to identify and address the Company's regulatory deficiencies. On February 14, 2020, the Company announced that it had completed its remediation activities at the Fenwick facility, and that documentation in support of license reinstatement had been submitted to Health Canada.
VAUGHAN, ON , May 15, 2020 /CNW/ - On March 31, 2020 , CannTrust Holdings Inc. (the "Company") announced that the Company and certain of its subsidiaries (collectively, "CannTrust") were granted protection pursuant to an order issued under the Companies' Creditors Arrangement Act by the Ontario Superior Court of Justice (the "Court") and that Ernst & Young Inc. was appointed monitor (in such capacity, the "Monitor"). In addition, the Court approved CannTrust's agreement engaging Greenhill & Co. Canada Ltd (the "Financial Advisor") as financial advisor. On May 8, 2020 , the Court issued an order (the "SISP Order") authorizing and directing CannTrust to undertake a sale and investment solicitation process (the "SISP").
With the global economy withering under the COVID-19 pandemic, the odds of a wave of bankruptcies wiping out underperforming cannabis firms are on the rise.
As a result of the Transaction, the Company has changed its name to “Red White & Bloom Brands Inc.” and MichiCann is now a wholly-owned subsidiary of the Company. In connection with and immediately prior to the completion of the Transaction, the Company completed a share consolidation on a 16:1 basis.
VAUGHAN, ON , April 14, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced that, after the close of markets on April 13, 2020 , the ...
VAUGHAN, ON, April 9, 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. On March 31, 2020, CannTrust announced that the Company had obtained an order (as amended or amended and restated from time to time, the "Initial Order") from the Ontario Superior Court of Justice (Commercial List) (the "Court") granting protection under the Companies' Creditors Arrangement Act (Canada) ("CCAA").
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.