CannTrust sinks as regulator finds Vaughan facility non-compliant

13 Août, 2019, 11:26 | Auteur: Auguste Feret

Its the second recent instance where CannTrust was found by Health Canada to be operating in non-compliant facilities.

WATCH: Marijuana black market still surging in Canada: how can that change?

CannTrust continued to slide on Monday after Health Canada deals the company yet another blow.

CannTrust Holdings Inc. shares plummeted almost 25 per cent on Monday morning, after the troubled cannabis grower acknowledged that it has received a second non-compliant order from federal regulators, this time relating to its manufacturing facility in Vaughan, Ont.

Now a second facility, in Vaughan, north of Toronto, has also been found in violation of regulations. "As previously announced, the Company implemented a voluntary hold on the sale and shipment of all cannabis products while Health Canada reviewed its Vaughan, Ontario manufacturing facility", the company said in a statement.

Although the Company, under the supervision of the Special Committee, is preparing a remediation plan for submission to and consideration by Health Canada, Health Canada has advised the Company that it is now unable to provide any guidance about the timing or content of its decisions concerning the Company.

Family offers RM50,000 reward for info on missing Nora Anne
She has a good memory but she can not understand anything conceptual. "She can not make or receive phone calls independently". August 9: Police investigated whether footprints found in the forest where Nora went missing belonged to the missing teen.

'The Hunt' Movie Scrapped After Backlash and Recent Mass Shootings
The studio paused the ad campaign in the middle of last week in light of the tragic mass shootings in Texas, Ohio and California. The film was scheduled for a September 27, 2019 release.

Wall Street tumbles on geopolitical tensions, recession fears
The yield on the 10-year US Treasury, often seen as a barometer of expectations for future economic growth, slumped sharply. It further noted that the difference between a two-year and 10-year yield slimmed down to only about six basis points.

Trade uncertainty has made investors cautious, sending them to more defensive sectors or safe havens like gold, says Craig Fehr, a Canadian markets strategist with Edward Jones. (NYSE:CTST) were released by: "Globenewswire.com and their article: "CTST CLASS ACTION REMINDER: "Hagens Berman Reminds CannTrust Holdings (CTST) Investors of September 9, 2019 Lead Plaintiff Deadline; Investors Who Lost $100,000+ to Contact the Firm - GlobeNewswire" published on August 08, 2019 as well as Finance.Yahoo.com's news article titled: "SHAREHOLDER ALERT: "Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in CannTrust Holdings Inc. of Class Action Lawsuit and Upcoming Deadline â€" CTST - Yahoo Finance" with publication date: "August 10, 2019.

Health Canada seized five metric tons of the company's cannabis from that facility in July, when it discovered the illegal grow rooms. That prompted sharp selling in CannTrust's stock that saw plummet 50% in a matter of weeks.

CannTrust said that while it is working on a remediation plan with its independent Special Committee of the board of directors, Health Canada has advised that it is "currently unable to provide any guidance about the timing or content of its decisions" about the company.

Since Health Canada found the unlicensed pot cultivation, CannTrust fired Peter Aceto as chief executive officer, while Eric Paul resigned as chairman.

Several Canadian companies also had wild share swings.

Conseillé:



Populaire

CNN’s PR Head Responds To Cuomo ‘Fredo’ Meltdown. Trump Jr. Nukes Him
The video ends with multiple people attempting to separate the two men. I'm f--in' right here. "I'll f-ing wreck your shit". Cuomo asked a man who could be seen in the video.

Buckingham Palace road rage horror sees woman crushed between cars
A woman was crushed by two cars last night near Hyde Park Corner after an altercation with a driver of a blue Evoque. The vehicle also collided with the bus, though there were no reports of any injuries among the passengers.

Sarah Silverman fired from movie for 2007 'blackface' sketch
Sarah Silverman referred to this cancel culture of shaming celebrities for every past act of impropriety as "righteousness porn". The images came from a sketch she had done for The Sarah Silverman Show back in 2007, but she says she no longer stands by them.

Australian police investigate report of armed man in downtown Sydney
Police investigating the death say it is not yet clear if it is connected with an earlier knife attack and pursuit in the city. NSW Police described the situation as very unsafe and hailed the fearless actions of those who had trapped the attacker.

Liam Hemsworth confirms split from Miley Cyrus with Instagram statement
Miley and Liam met on the set of The Last Song in 2009 and had an on-and-off relationship before Liam proposed in 2012. Liam Hemsworth has spoken out for the first time since his shock split from his wife Miley Cyrus .

Missing dentures found stuck in throat 8 days after surgery
Here's why it's best to remove false teeth before surgery: You just might swallow them. This patient recovered after the dentures were removed from his throat.

Jose Mourinho opens up about Eden Hazard’s Chelsea FC exit
There are several individuals who deserve talking about, but perhaps the most pertinent aspect of United's showing at Old Trafford was that they did not drop off.

Medvedev sort un Thiem sur les rotules — Montréal
L'Autrichien s'est défait du Croate grâce à la défense perpétuelle de son service (11 aces et 9 balles de break sauvés). Il affrontera en demi-finale non pas Dominic Thiem (n°2), mais son compatriote Daniil Medvedev (n°8).

Astronomers Spot Mysterious Flash From Our Galaxy's Supermassive Black Hole
It's under constant observation with instruments like the WM Keck Observatory in Hawaii used by the UCLA team. It made its closest approach yet past year , coming within 17 light hours of the event horizon.

Missy Elliott to Receive MTV Video Vanguard Award
MTV announced this year's honoree via social media Monday afternoon. Missy Elliott just worked her way to a major new honor. The internet spoke and MTV listened.