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CannTrust Holdings, Inc. (NYSE: CTST)

CannTrust Holdings, Inc. (NYSE: CTST)

Company Name: CannTrust Holdings, Inc.
Stock Symbol: NYSE: CTST
Class Period Start: 11/14/2018
Class Period End (inclusive): 11/14/2018
Filing Deadline: 09/09/2019
Court: Southern District of New York

Case Details

The law firm of Barbuto & Johansson, P.A., and Director of Client Relations Neil Rothstein, Esq. remind investors that they have until September 9th, 2019 to file lead plaintiff applications in a securities class action lawsuit against CannTrust Holdings, Inc.

CannTrust and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On July 8, 2019, the Company disclosed the receipt of a compliance report from Health Canada finding that its greenhouse facility in Pelham, Ontario was non-compliant with regulations, resulting in a hold being placed on 5,200 kilograms (11,464 pounds) of dried cannabis harvested from the facility. An additional 7,500 kilograms (16,532 lbs) was also voluntarily held by the Company, until the facility becomes compliant.

On this news, the price of CannTrust’s shares plummeted.

If you purchased securities of CannTrust Holdings, Inc. and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, please contact one of our attorneys. Call the firm today at (561) 444-7980 and/or fill out the form to the right.

The case is Huang v. Canntrust Holdings Inc., et al, 1:19cv6396. Click here for full case complaint.