Canntrust TSX Delisting March 25 2020 Subscribe – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST) today announced that the Toronto Stock Exchange (“TSX”) has advised the Company that it intends to review CannTrust’s eligibility for continued listing of the Company’s common shares on the TSX, pursuant to Part VII of the TSX Company Manual.
The TSX indicated that the review is a result of the Company being in arrears for satisfying certain disclosure requirements, namely the preparation and filing of the Company’s 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 (“MD&A”) for the corresponding periods. The TSX has advised that, if the Company is unable to cure those defaults by March 25, 2020, the Company’s securities will be delisted 30 days following such date. The Company’s securities will continue to trade normally during this period.
CannTrust anticipates filing those disclosures and meeting the TSX’s requirements before March 25, 2020. The Company continues to make progress in working with its independent auditor in connection with preparing its financial statements and corresponding MD&A.
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