Bullboard - Stock Discussion Forum CannTrust Holdings Inc CNTTQ

CannTrust Holdings Inc is engaged in the business of producing and distributing medical cannabis in Canada. Its facility is located at Vaughan, Ontario in Canada. Its brands include LIIV, ESCAPE, SYNR.G and Peak Leaf.

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CannTrust Holdings Inc > Lose license

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Post by Marky1 on Sep 08, 2020 7:21pm

Lose license

Can someone here explain to me why they lost their listing on the TSX and the prospects of being relisted
thank you

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Comment by wizzard89 on Sep 08, 2020 10:29pm

very simple--they were not up to date on financials . When HC pulled their licence because of "illegal rooms" the Auditor decided to pull their audit as they could not determine if the sales they made were from "illegal rooms" and they would have to pull that inventory back and also HC confiscated about $70 Million in inventory from those rooms, so the auditor said they could ...more

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Comment by Marky1 on Sep 08, 2020 11:33pm

Thank you...Got lost in the last line?? The shares are 30 cents,not $3.50 ??

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Comment by wizzard89 on Sep 09, 2020 9:37am

sorry--to get listed on the NYSE the value has to jump to at least $3.50 US a share so that is a long way away. But as long as gets back on TSX in Canada it helps those with shares in Canada out

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