TRST.TO - CannTrust Holdings Inc.

Toronto - Toronto Delayed Price. Currency in CAD
0.9100
0.0000 (0.00%)
As of 4:00PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.9100
Open0.8700
Bid0.1500 x 0
Ask0.1500 x 0
Day's Range0.8700 - 0.9800
52 Week Range0.4750 - 10.4100
Volume321,016
Avg. Volume443,279
Market Cap128.477M
Beta (5Y Monthly)4.30
PE Ratio (TTM)N/A
EPS (TTM)-0.1210
Earnings DateMay 13, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est9.13
  • CannTrust To Be Delisted From NYSE And TSE
    Benzinga

    CannTrust To Be Delisted From NYSE And TSE

    Canadian cannabis company CannTrust Holdings Inc. (NYSE: CTST) (TSE:TRST) has acceded to creditor protection under CCAA.Trading of CannTrust has been stopped on the Toronto Stock Exchange and in New York. The company is expected to be delisted from both exchanges as a result of filing the for creditor protection.CannTrust stated that this decision was taken in order to preserve the companies best interest."While today's news was a foregone conclusion, in my view, it is a stark reminder of how this industry and its actors are beholden to higher standards than most consumer product categories," Matt Markiewicz, Managing Director of Innovation Shares, which is behind the Cannabis ETF (NYSE: THCX), told Benzinga. "There should be no gray area when compliance is involved and CannTrust, along with its investors, have now paid a heavy price for violating Health Canada's rules."See Also: How Legalizing Cannabis Could Ease Government Shortfalls Once Coronavirus Pandemic Is OverAlthough the company had dropped the stock from the THCX portfolio in August 2019, the damage to U.S. investor confidence has persisted, Markiewicz explained."A lot of that has to do with the fact that this was one of the more visible publicly-traded cannabis stocks especially after its high profile equity offering in May 2019," he said. "With any nascent industry you expect several bumps in the road but hopefully they are not too costly from an investment perspective."See more from Benzinga * Cannabis Stock Gainers And Losers From March 25, 2020 * Cannabis Stock Gainers And Losers From March 19, 2020 * Cannabis Stock Gainers And Losers From March 18, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    Cannabis company CannTrust enters creditor protection, stock halted

    Marijuana producer CannTrust Holdings Inc. said Tuesday that it had obtained an initial order from a Canadian court to protect it under a law there that allows companies to avoid bankruptcy. The New York Stock Exchange halted trading U.S. shares of CannTrust and Reuters reported that the NYSE was commencing delisting proceedings. Shares were halted in Canada as well. The company said the court may order an extension to the creditor and class action protection. "Without its cannabis licenses, the Company has been unable to generate any meaningful revenue since June 2019," CannTrust said in a statement, adding that the effects of the COVID-19 pandemic have "exacerbated what were already difficult circumstances" by introducing potential delays in regulator reviews of its licenses, attract new financing or a "strategic partner."

  • PR Newswire

    CannTrust Obtains Initial Order under Companies' Creditors Arrangement Act (Canada)

    CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that the Company has obtained an order (the "Initial Order") from the Ontario Superior Court of Justice (Commercial List) (the "Court") granting protection under the Companies' Creditors Arrangement Act (Canada) ("CCAA"). In accordance with the Initial Order, all creditors of CannTrust, CannTrust Inc., CTI Holdings (Osoyoos) Inc., and Elmcliffe Investments Inc. (the "Applicants"), as well as the plaintiffs in the putative class actions and other litigation brought against the Applicants, will be stayed from enforcing their claims. The Initial Order provides for a stay of proceedings in favour of the Applicants for an initial period of 10 days, subject to such extensions as the Court may subsequently order, and the appointment of Ernst & Young Inc. as Monitor in the CCAA proceedings.

  • CNW Group

    CannTrust Obtains Initial Order under Companies' Creditors Arrangement Act (Canada)

    VAUGHAN, ON , March 31, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that the Company has obtained an order (the "Initial Order") from the Ontario Superior Court of Justice (Commercial List) (the "Court") granting protection under the Companies' Creditors Arrangement Act ( Canada ) ("CCAA"). In accordance with the Initial Order, all creditors of CannTrust, CannTrust Inc., CTI Holdings ( Osoyoos ) Inc., and Elmcliffe Investments Inc. (the "Applicants"), as well as the plaintiffs in the putative class actions and other litigation brought against the Applicants, will be stayed from enforcing their claims. The Initial Order provides for a stay of proceedings in favour of the Applicants for an initial period of 10 days, subject to such extensions as the Court may subsequently order, and the appointment of Ernst & Young Inc. as Monitor in the CCAA proceedings.

  • CNW Group

    IIROC Trading Halt - TRST

    IIROC Trading Halt - TRST

  • CNW Group

    CannTrust Provides Default Status Report

    VAUGHAN, ON , March 26, 2020 /CNW/ – CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) today provided 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.

  • CNW Group

    CannTrust Provides Update Regarding Health Canada Remediation

    VAUGHAN, ON , March 23, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that it received a notification from Health Canada as a result of current circumstances created by COVID-19. As a precautionary measure for the health and safety of its employees and the community, Health Canada's Cannabis Directorate is reducing onsite field inspection activities until at least March 31, 2020 . CannTrust noted that many commercial enterprises, including the Company itself, have been reducing their onsite activities in response to COVID-19.

  • CNW Group

    CannTrust Provides Update Regarding TSX Listing

    VAUGHAN, ON , March 18, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that the Toronto Stock Exchange ("TSX") has extended the Company's current March 25, 2020 deadline for satisfying certain disclosure requirements but is also reviewing CannTrust's eligibility for maintaining its TSX listing.

  • Marijuana Stocks Are Tumbling — Are Any Good Buys As Coronavirus Leads To Demand Spike?
    Investor's Business Daily

    Marijuana Stocks Are Tumbling — Are Any Good Buys As Coronavirus Leads To Demand Spike?

    Are marijuana stocks on U.S. exchanges a good buy now? The marijuana industry gets a lot of hype, but look past the smoke and analyze pot stocks on their fundamentals and technicals.

  • CannTrust (CTST) to Report Q4 Earnings: What's in Store?
    Zacks

    CannTrust (CTST) to Report Q4 Earnings: What's in Store?

    During CannTrust's (CTST) fourth-quarter earnings call, investor focus will be on the updates pertaining to the company's default status reports and completion of its remediation activities.

  • PR Newswire

    CannTrust Receives Continued Listing Notice from the NYSE

    CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced today that on February 27, 2020 the Company received written notification from the New York Stock Exchange (the "NYSE") that CannTrust is no longer in compliance with the NYSE's continued listing standard rules because the per share trading price of the Company's common shares has fallen below the NYSE's share price rule. The NYSE requires the average closing price of a listed company's common shares to be at least US $1.00 per share over a consecutive 30 trading-day period. As of February 25, 2020, the 30 trading-day average closing price of the Company's common shares was US $0.99.

  • Reuters

    Weed producer CannTrust appoints Greg Guyatt as CEO

    CannTrust fired Aceto from the top role in July last year and named Robert Marcovitch as the interim CEO, more than two weeks after Canadian health regulator's findings. "No assurance can be given that Health Canada will reinstate either the Niagara or Vaughan Facility licenses", CannTrust said in a statement. Health Canada's rating for the Vaughan plant was based on an inspection between July 10 and July 16.

  • MarketWatch

    CannTrust submits marijuana license reinstatement filing, appoints CEO

    CannTrust Holdings Inc. said late Thursday it plans to submit documents to regulators Feb. 14 that detail how it has fixed the issues at its Niagara, Ontario facility and in support of the reinstatement of its license there. CannTrust stock gained 1.8% in the extended session Thursday. The company said it had appointed Greg Guyatt as the chief executive and that the New York Stock Exchange had granted it an extension through April 15, so it can continue to list and trade on the exchange. The company said that it plans to finish efforts to fix a second site at Vaughan, Ontario in the second quarter of 2020. CannTrust was growing pot illegally at Niagara facility and the Vaughan facility was not compliant with standards, regulators have alleged. Robert Marcovitch, who served as CannTrust's interim CEO, will remain on the board as chairman. Guyatt previously has served as CannTrust's CFO. CannTrust U.S. traded shares closed down 0.3% to $0.8052 in Thursday's regular session.

  • CNW Group

    CannTrust Announces New CEO and Provides Updates on Remediation Plan and New York Stock Exchange Listing

    VAUGHAN, ON , Feb. 13, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced the appointment of Greg Guyatt as the Company's Chief Executive Officer and provided an update on the status of both its remediation plan and its New York Stock Exchange ("NYSE") listing.