Search: Canntrust

Cannabis Canada: Ex-CannTrust CEO urged chair to fix governance issues

Ex-CannTrust CEO warned on governance  The former chief executive of CannTrust Holdings expressed concern over the pot producer’s corporate governance practices in December, according to a letter obtained by BNN Bloomberg. Peter Aceto warned then-chairman Eric Paul that the issues needed to be resolved, and said that he “feared” his performance as CEO would suffer as a result of them. The letter,…

With CannTrust (TSX:TRST) under fire, can investors trust marijuana stocks?

This past Wednesday, battered-down CannTrust Holdings (TSX:TRST)(NYSE:CTST) shares staged a major comeback, rallying 10% in the morning before cooling off later in the day. It’s not clear why investors are suddenly warming up to the stock, because its regulatory problems are far from over. Possibly, investors are beginning to see TRST as a bargain, as it has become the cheapest stock in…

Cannabis stocks climb after CannTrust says it’s reviewing options, including possible sale

CannTrust Holdings shares rallied Wednesday to lead cannabis stocks higher, after the troubled company hired a financial adviser for a strategic review of its options, including a possible sale of the company. CannTrust shares CTST, +9.30% TRST, +8.80%  soared almost 12% on the news, recouping some of the 55% plunge over the past month after Health Canada seized more than five metric tons of the company’s cannabis after discovering…

Pot stock CannTrust dives as report hints regulators can’t trust execs

The CEO and chairman of Canadian cannabis producer CannTrust(CTST) were told the company was growing unlicensed weed months before regulators discovered the violations, according to a report, further submerging CannTrust stock on Wednesday. Other marijuana stocks were mostly down. A report from the Globe and Mail said that CEO Peter Aceto and Chairman Eric Paul were informed that CannTrust was growing cannabis in…

CannTrust Special Committee Sacks CEO Peter Aceto and Chairman Eric Paul

CannTrust Announces Senior Leadership Changes VAUGHAN, ON, July 25, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST) today announced immediate senior management changes and other interim actions based on the ongoing investigation being undertaken by a special committee (the “Special Committee”) of its board of directors (the “Board of […] READ MORE: https://www.newcannabisventures.com/canntrust-special-committee-sacks-ceo-peter-aceto-and-chairman-eric-paul/

Cannabis sector hammered as CannTrust slides another 24%

CannTrust Holdings stock tumbled another 19% Wednesday to drag the overall cannabis sector down, after a report said emails showed the company’s top managers knew that the company was growing unlicensed cannabis at an Ontario facility, months before Health Canada seized tons of its product. READ MORE: https://finance.yahoo.com/m/4cc4e629-ef5e-3091-9f29-29ced7e98a00/cannabis-sector-hammered-as.html?.tsrc=rss

Cannabis sector hammered as CannTrust slides another 20%

CannTrust Holdings stock tumbled another 19% Wednesday to drag the overall cannabis sector down, after a report said emails showed the company’s top managers knew that the company was growing unlicensed cannabis at an Ontario facility, months before Health Canada seized tons of its product. READ MORE: https://finance.yahoo.com/m/4cc4e629-ef5e-3091-9f29-29ced7e98a00/cannabis-sector-hammered-as.html?.tsrc=rss

Cannabis Canada: CannTrust gives update on independent committee investigation

CannTrust updates on independent investigation as Health Canada continues probe CannTrust provided an update on its independent committee’s work as the company looks to get to the bottom of how it was found to grow thousands of kilograms of unlicensed cannabis last month. The company has named the four members of its independent committee, including chair Robert Marcovitch, and outlined…

CannTrust Names Special Committee Members and Responds to Health Canada

CannTrust Special Committee Update VAUGHAN, ON, July 22, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST,NYSE: CTST) today provided an interim update on the investigation being undertaken by a special committee (the “Special Committee”) of its board of directors (the “Board of Directors”). As announced by the Company on July 11, […] READ MORE: https://www.newcannabisventures.com/canntrust-names-special-committee-members-and-responds-to-health-canada/