CANNTRUST PROVIDES STATUS REPORT & OTHER UPDATES скачать в хорошем качестве

CANNTRUST PROVIDES STATUS REPORT & OTHER UPDATES

CANNTRUST PROVIDES STATUS REPORT & OTHER UPDATES - RICH TV LIVE - DECEMBER 5, 2019 - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) today is providing 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. The MCTO does not affect the ability of investors who are not insiders to trade in the Company's securities. CannTrust Holdings Inc. (CNW Group/CannTrust Holdings Inc.) Timing of Financial Results and TSX Listing Update CannTrust continues to make progress in working with its independent auditor to complete its restated audited financial statements for the year ended December 31, 2018, its restated interim financial statements for the first quarter of 2019, and its interim financial statements for the second and third quarters of 2019, together with the related management's discussion and analysis for the corresponding periods. As disclosed in the Company's November 21, 2019 news release, these financial statements are unlikely to be completed and filed before the end of the calendar year. On November 26, 2019, CannTrust announced that, as a result of the delay in filing the aforementioned financial disclosures, the Toronto Stock Exchange (the "TSX") intended to review the Company's eligibility to continue listing its common shares. The TSX advised that if the Company is unable to satisfy its disclosure requirements by March 25, 2020, the Company's securities will be delisted 30 days following this date. The Company fully anticipates filing the associated disclosures and meeting the TSX's requirements prior to March 25, 2020. As at November 30, 2019, CannTrust had approximately $185 million CAD of cash liquidity. The Company has no borrowings. Update on Remediation Efforts CannTrust continues to make progress on its remediation efforts and anticipates completing all of the activities described within its remediation plan by the end of the first quarter of 2020, although completion will be subject to Health Canada's input and approval. To that end, the Company and Health Canada have already engaged on various aspects of the remediation plan. 2 Free Stocks are Waiting for You Valued up to $1400! Come and gain access to in-depth analytics and low costs at Webull with me - https://act.webull.com/kol-us/share.h... Subscribe -    / richtvlive   Visit - http://www.richtvlive.com/ a community for stocks, , news, and trending topics. #RICHTVLIVE #CANNTRUST #STOCKMARKET FOREX & CRYPTO ACADEMY - https://iM.Academy/corp/cjoin?enrolle... RICH TV LIVE STORE - https://richtvshop.com/ Disclaimer RICH TV LIVE INC. company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. Disclosure - https://www.richtvlive.com/feature-.html We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov/Canadian CSA https://www.securities-administrators....