VAUGHAN, ON, March 18, 2019 /PRNewswire/ - CannTrust Holdings
Inc. ("CannTrust" or the "Company", TSX:TRST, NYSE:CTST) announces
that it has filed a (final) short form base shelf prospectus (the
"Shelf Prospectus") with the securities commissions in each of the
provinces of Canada, except
Québec, and a corresponding shelf registration statement on Form
F-10 (the "Registration Statement") with the U.S. Securities and
Exchange Commission (the "SEC") under the U.S./Canada
Multijurisdictional Disclosure System ("MJDS").
The Shelf Prospectus and Registration Statement allow the
Company to offer up to C$700,000,000
of debt securities, warrants, subscription receipts, units or
common shares, or any combination thereof, from time to time during
the 25-month period that the Shelf Prospectus is effective (subject
to MJDS eligibility). The Company filed this Shelf Prospectus in
order to maintain financial strength and flexibility going forward
but has not entered into any agreements or arrangements to
authorize or offer any securities at this time. The specific terms
of any future offering of securities, including the use of proceeds
from any offering, will be established in a prospectus supplement
to the Shelf Prospectus, which supplement will be filed with the
applicable Canadian securities regulatory authorities and the SEC
at the time of such an offering.
The Registration Statement has been filed with the SEC, but has
not yet become effective. No securities may be sold, nor may offers
to buy be accepted under the base shelf prospectus prior to the
time the Registration Statement becomes effective. This news
release shall not in any circumstances constitute an offer to sell
or a solicitation of an offer to buy, nor shall there be any sale
of these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the applicable securities laws of any such
jurisdiction.
A copy of the Shelf Prospectus can be found under the Company's
profile on SEDAR at www.sedar.com, and a copy of the Registration
Statement can be found on EDGAR at www.sec.gov. Copies of the Shelf
Prospectus and the Registration Statement may also be obtained by
contacting the Corporate Secretary of the Company at 3280 Langstaff
Road, Unit 1, Vaughan, Ontario,
L4K 4Z8, telephone (647) 872-2300.
About CannTrust
CannTrust is a federally regulated
licensed producer of medical and recreational cannabis in
Canada, and the 2018 Canadian
Cannabis Awards "Top Licensed Producer of the Year". Founded by
pharmacists, CannTrust brings more than 40 years of pharmaceutical
and healthcare experience to the medical cannabis industry and
serves more than 66,000 medical patients with its dried, extract
and capsule products. The Company operates its 450,000 sq. ft.
Niagara Perpetual Harvest Facility in Pelham, Ontario, has been permitted to
construct another 390,000 sq. ft. facility in Pelham, and prepares and packages its product
portfolio at its 60,000 sq. ft. manufacturing centre of excellence
in Vaughan, Ontario.
CannTrust is developing nanotechnology to develop new products
in the medical, recreational, beauty, wellness and pet markets. The
Company has established its international footprint through a
strategic partnership with Cannatrek Ltd. in Australia and a joint venture with STENOCARE
in Denmark. The Company has also
partnered with Breakthru Beverage Group through Kindred Canada, for
recreational distribution in Canada. CannTrust is committed to research and
innovation through partnerships with McMaster
University in Ontario and
Gold Coast University in
Australia, which were designed to
contribute to the growing body of evidence-based research regarding
the use and efficacy of cannabis.
Forward Looking Statements
This press release contains
"forward-looking information" and "forward-looking statements"
within the meaning of applicable securities laws including: the
filing and effective date of any potential prospectus supplement
and the amount and terms of any securities to be offered under the
Shelf Prospectus and Registration Statement. Such statements
are based upon CannTrust's current internal expectations,
estimates, projections, assumptions and beliefs and views of future
events. Forward-looking information and forward-looking statements
can be identified by the use of forward-looking terminology such as
"expect", "likely", "may", "will", "should", "intend",
"anticipate", "potential", "proposed", "estimate" and other similar
words, including negative and grammatical variations thereof, or
statements that certain events or conditions "may", "would" or
"will" happen, or by discussions of strategy.
The forward-looking information and statements in this news
release are based upon the expectations, estimates, projections,
assumptions and views of future events which management believes to
be reasonable in the circumstances. Forward-looking information and
statements necessarily involve known and unknown risks, including,
without limitation: the potential offering of any securities under
the Shelf Prospectus and Registration Statement; risks associated
with general economic conditions; adverse industry events; loss of
markets; future legislative and regulatory developments in
Canada, the United States and elsewhere; the cannabis
industry in Canada generally; and, the ability of
CannTrust to implement its business strategies.
Any forward-looking information and statements speak only as of
the date on which they are made, and, except as required by law,
CannTrust does not undertake any obligation to update or revise any
forward-looking information or statements, whether as a result of
new information, future events or otherwise. New factors emerge
from time to time, and it is not possible for CannTrust to predict
all such factors. When considering these forward-looking
information and statements, readers should keep in mind the risk
factors and other cautionary statements in CannTrust's Annual
Information Form dated March 29, 2018 (the "AIF") and
filed with the applicable Canadian securities regulatory
authorities on SEDAR at www.sedar.com and filed as an
exhibit to CannTrust's Form 40-F registration statement under the
United States Securities Exchange Act of 1934, as amended, with the
SEC on EDGAR at www.sec.gov. The risk factors and other factors
noted in the AIF could cause actual events or results to differ
materially from those described in any forward-looking information
or statements.
The Toronto Stock Exchange and the New York Stock Exchange do
not accept responsibility for the adequacy or accuracy of this
release.
Copyright © 2019 CannTrust Holdings Inc.
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SOURCE CannTrust Holdings Inc.