CannTrust said that while it is working on a remediation plan with its independent Special Committee of the board of directors, Health Canada has advised that it is "currently unable to provide any guidance about the timing or content of its decisions" about the company.
Documents or information that were not retained in a manner to enable Health Canada to complete its audit in a timely manner.
The new non-compliant order comes a month after Health Canada inspectors determined the company had broken rules at its greenhouse complex in Pelham, Ont.by growing thousands of kilograms of cannabis in unlicensed rooms in late 2018 and early 2019. In the past month, CannTrust has halted all cannabis sales, fired its chief executive Peter Aceto and forced its chairman Eric Paul to resign.
Viral clip of Russian policeman punching female protester stirs anger
On Monday, she filed a complaint with Russia's Investigative Committee, requesting a probe into the alleged abuse of power. Several Russians hurt by police at the protests are seeking redress through the courts.
The company is also exploring options, including a sale. Meridian is arm's-length to the Company and this loan represented the Company's only secured indebtedness. In addition, CannTrust has instituted a voluntary hold of approximately 7,500kg of dried cannabis equivalent at its Vaughan manufacturing facility that was produced in the previously unlicensed rooms. Lee added, referring to rooms at the Vaughan facility. The Company has also purchased 81 acres of land in British Columbia and expects to secure over 240 acres of land in total for low-priced outdoor cultivation which it will use for its extraction-based products. (NYSE:CTST) were released by: "Globenewswire.com and their article: "CTST CLASS ACTION REMINDER: "Hagens Berman Reminds CannTrust Holdings (CTST) Investors of September 9, 2019 Lead Plaintiff Deadline; Investors Who Lost $100,000+ to Contact the Firm - GlobeNewswire" published on August 08, 2019 as well as Finance.Yahoo.com's news article titled: "SHAREHOLDER ALERT: "Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in CannTrust Holdings Inc. of Class Action Lawsuit and Upcoming Deadline â€" CTST - Yahoo Finance" with publication date: "August 10, 2019.
Officials for the cannabis company say they are taking remedial actions after the discovery at the Vaughan facility, and had already began an internal investigation into the Pelham issues.
"I feel this is more of a reflection of kind of a recalibration of this new environment that we're in where this trade issue is probably going to linger on for much longer than people had expected". New factors emerge from time to time, and it is not possible for CannTrust to predict all such factors. The risk factors and other factors noted in the AIF could cause actual events or results to differ materially from those described in any forward-looking information or statements.
Recommended News
-
Reports of stabbing attack in Sydney's CBD
He said the crowd was "shaken up, that's for sure". "You dog. you stabbed a chick, mate", one of the men yelled at the suspect. NSW Police described the situation as very risky and hailed the courageous actions of those who had trapped the attacker.Recession Fears Rising Over Continued Trade War Tension, Goldman Sachs Says
Trump's administration fired back within hours by labeling China a currency manipulator. It again said it no longer expects a trade deal between ongoing U.S.Taylor Swift wants to help close the gender pay gap
MONSTA X took to the stage at the 2019 Teen Choice Awards! The "Archer" singer then turned her attention to her fans. You guys make me laugh every day. "One thing is mistakes are enviable. -
Stock futures fall on trade war, global growth worries
Goldman Sachs Group Inc ( GS.N ) said on Sunday that its economists see recessionary risks increasing as the U.S. US jobless claims, industrial production and retail sales data would be released on Thursday.Ex-NBA guard Telfair sentenced to 3 1/2 years in prison
Telfair, who was a first-round pick by the Trail Blazers in the 2004 draft, is a former 14-year journeyman in the league. Telfair was convicted of one count of second-degree criminal possession of a weapon in April following a jury trial.Super Eagles star reacts after scoring brace in Lille debut
Osimhen would be hoping to continue his impressive form when Lille face Amiens at Stade de la Licorne on August 17. I'm not yet 100 per cent but I'm training hard and I know that with time I'll be in top shape physically. -
System Shock 2 Enhanced Edition is in development
Developers from all over the industry will be coming together to celebrate just how much System Shock 2 owned. However, with this news it could mean that System Shock remake is nearly ready to be released.DSLR Cameras Can Be Infected With Ransomware
Once the attackers were range of the camera, they ran an exploit to access the camera's SD card and encrypt any photos. Digital cameras use Picture Transfer Protocol (PTP), a standard protocol to transfer digital files.Mets work more magic, rally past Nats for 8th win in row
Mets starter Noah Syndergaard allowed two runs on seven hits and two walks while striking out five over seven innings. The buzz died a bit after Soto's first-inning homer, but Davis and Ramos got it rocking again in the fourth. -
Emotional Serena Williams retires from tournament final, opponent comforts her
Her Canadian Open victory and reaching the women's quarter finals in doubles at Wimbledon were highlights of her career, she said. On Thursday, Nadal made tennis history by winning the most men's singles matches all-time at the ATP Masters 1000 series level.Alex Rodriguez's Rental Car Burglarized, Estimated $500K Worth of Goods Stolen
San Francisco police were treating the case as a "high priority", according to the newspaper. A camera, laptop, bag, and miscellaneous jewelry were taken from the vehicle.Opposition candidate leads Argentina's primary polls
Political analyst Sergio Berensztein described it as the government's " worst political crisis ". Poverty now affects 32 percent of the population.