OSC approves management cease trade order at cannabis company CannTrust Holdings

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CannTrust Holdings Inc. says the Ontario Securities Commission has approved a management cease trade order as the cannabis producer works to deal with its regulatory problems with Health Canada.

The order by the securities regulator prohibits the directors and executive officers of the company from trading in CannTrust securities until two full business days after it makes all of its required filings.

CannTrust says the filings will depend, in large measure, upon the timing and impact of Health Canada's decisions regarding the company's non-compliance with regulatory requirements. The problems at CannTrust began after it revealed that Health Canada had found problems at the company's greenhouse in Pelham, Ont., and were compounded later by issues raised by the regulator at its manufacturing facility in Vaughan, Ont.

 

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