NEW YORK, July 10, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of CannTrust Holdings Inc. (“CannTrust” or “the Company”) (NYSE: CTST) concerning possible violations of federal securities laws.
On July 8, 2019, CannTrust disclosed that its greenhouse facility located in Ontario, Canada, was rated “non-compliant” in an audit by Health Canada. Until the Company is proven compliant with regulations, Health Canada has placed a hold on 5,200 kilograms of dried cannabis allegedly harvested from five unlicensed rooms. In addition, CannTrust is voluntarily holding another 7,500 kilograms of dried cannabis that it says was also produced in unlicensed rooms.
On this news, shares of CannTrust fell significantly in the course of the day.
To obtain additional information, go to:
https://www.zlk.com/pslra-1/canntrust-holdings-inc-loss-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.