Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against CannTrust Holdings Inc. (NYSE: CTST) for violations of federal securities laws. CannTrust produces and distributes medical and recreational cannabis in Canada.
On July 8, 2019, CannTrust announced its greenhouse facility in Pelham, Ontario, was audited by Health Canada and found "non-compliant." Health Canada has placed a hold on 5,200 kilograms of dried cannabis that was harvested from five unlicensed rooms at the facility until it deems CannTrust compliant with regulations. Additionally, CannTrust said that it had instituted a voluntary hold on 7,500 kilograms of dried cannabis that was produced in the unlicensed rooms.
Following this news, CannTrust stock fell 19% in pre-market trading on July 8, 2019.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
