Saturday, August 23, 2025

CannTrust Facing Ontario Securities Commission Investigation

CannTrust has announced they expect to be late filing their earnings, in a Tuesday evening release, they said the following:

  • Canntrust will likely miss its filing deadline of August 14, 2019 to file an interim financial report for CYQ2.
  • The Ontario Securities Commission (OSC) has notified CannTrust that an investigation has been assigned to the Joint Serious Offences Team of the Enforcement Branch of the OSC.
  • Management is of the view that there is significant uncertainty with respect to the potential impact of pending Health Canada decisions on the valuation of the Company’s inventory and biological assets and revenue recognition.
  • Health Canada decisions may also require restatement of certain of the Company’s historical financial statements and related management’s discussion and analysis for the periods ended Q4/18 and Q1/19.
  • Management has applied for a Cease Trade Order (“MCTO”) pending the filing of the Q2 Filings and any Restated Financials if required.

The reactions on Twitter are understandably negative:


Information for this briefing was found via Sedar and Twitter. The author has no securities and has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

A Medical Breakthrough the Market Overlooked | David Elsley – Cardiol Therapeutics

Why Grade Beats Size in Silver Mining | Frank Basa – Nord Precious Metals

Are Investors Missing the Start of the Next Commodity Supercycle? | Morgan Lekstrom – NexMetals

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

CannTrust Holdings Found To Have Shipped Illegal Product to Denmark

The saga unfolding this week for CannTrust Holdings (TSX: TRST) (NYSE: CTST) appears to have...

Tuesday, July 9, 2019, 03:53:16 PM

CannTrust Sees All Licenses Reinstated By Health Canada

Canntrust Holdings (OTC: CNTTQ) this morning announced that it has received notice from Health Canada...

Thursday, August 6, 2020, 08:31:04 AM

Canntrust Holdings to Destroy $77 Million Worth of Cannabis

Canntrust Holdings (TSX: TRST) (NYSE: CTST) announced early this afternoon that it is taking steps...

Monday, October 14, 2019, 01:49:58 PM

Canntrust Confirms Delisting From NYSE, TSX

It seems that it’s all over for Canntrust Holdings (TSX: TRST) (NYSE: CTST) shareholders. The...

Friday, April 10, 2020, 10:04:08 AM

Outdoor Cannabis Cultivation Has Arrived in Canada

Outdoor grow is coming to Canada in a hurry. Health Canada, the regulating body for...

Monday, June 3, 2019, 07:00:53 AM