Berman Tabacco Investigates CannTrust Holdings Inc.
July 11 2019 - 2:05PM
Business Wire
Berman Tabacco, (www.bermantabacco.com), a national law firm
representing investors is investigating possible securities law
violations involving CannTrust Holdings Inc. (“CannTrust” or the
“Company”) (NYSE: CTST).
On July 8, 2019, CannTrust disclosed that it “received a
compliance report from Health Canada notifying the Company that its
greenhouse facility in Pelham, Ontario was non-compliant with
certain regulations.” The Company also stated that “Health Canada
has placed a hold on inventory which includes approximately 5,200kg
of dried cannabis that was harvested in the previously unlicensed
rooms in Pelham, until it deems that the Company is compliant with
regulations.” In addition, CannTrust “instituted a voluntary hold
of approximately 7,500kg of dried cannabis equivalent at its
Vaughan manufacturing facility that was produced in the previously
unlicensed rooms.” On July 8, 2019, the Company’s share price fell
$1.11 (approximately 22%) to close at $3.83 per share.
On July 10, 2019, a lawsuit was filed by another law firm in
United States District Court for the Southern District of New York,
captioned Huang v. CannTrust Holdings Inc. et al., No.
1:19-cv-06396, against CannTrust and certain senior officers. The
lawsuit asserts claims under Sections 10(b) and 20(a) of the
Securities Exchange Act of 1934 on behalf of persons and entities
that purchased or otherwise acquired CannTrust securities between
November 14, 2018 and July 5, 2019, inclusive.
Pursuant to the Private Securities Litigation Reform Act of
1995, investors wishing to serve as the lead plaintiff are required
to file a motion for appointment with the Court no later than
September 9, 2019. If you are a member of the Class, you may, no
later than September 9, 2019, request that the court appoint you as
lead plaintiff for the class.
If you would like more information regarding this investigation,
or if you wish to share information about the investigation, you
may can find more information here:
https://www.bermantabacco.com/case/canntrust-holdings-inc/.
Berman Tabacco is a national law firm representing institutions
and individuals in lawsuits, seeking to recoup losses caused by
violations of securities and antitrust laws. The firm has 37
lawyers in Boston and San Francisco.
This notice may constitute attorney advertising.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190711005722/en/
Chowning Poppler cpoppler@bermantabacco.com (800) 516-9926 or
(415) 433-3200
CannTrust (NYSE:CTST)
Historical Stock Chart
From Aug 2024 to Sep 2024
CannTrust (NYSE:CTST)
Historical Stock Chart
From Sep 2023 to Sep 2024