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Cannabis producer CannTrust tumbles after auditor withdraws its last 2 earnings reports amid illegal-growing scandal

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The Canada-based company also announced it will likely miss the August 14 filing deadline for its second-quarter earnings.

CannTrust Holdings fell 5% in early trading on Friday after its auditor withdrew its most recent quarterly and full-year results. The Canadian cannabis producer noted last week it may have to restate its results after regulators discovered non-compliant pot greenhouses in early July. The decision also resulted from newly revealed information from an internal investigation into the unlawful actions.

CannTrust Holdings fell 5% in early trading on Friday after its auditor withdrew its most recent quarterly and full-year results. The Canadian cannabis producer noted last week it may have to restate its results after regulators discovered non-compliant pot greenhouses in early July. The decision also resulted from newly revealed information from an internal investigation into the unlawful actions.

 

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