CannTrust

Ontario Cannabis Store report shows Aurora leading flower sales, COVID-19 sales boost

New data released by the Ontario Cannabis Store (OCS) reveals key details about marijuana sales and consumer preferences in Canada’s largest province, including: Total provincial sales approached 400 million Canadian dollars ($297.6 million) for the OCS fiscal year. Recreational cannabis sales are dominated by dried flower and pre-rolls amid a limited early rollout of edibles, […]

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Beleave joins growing list of Canadian cannabis insolvencies

Beleave has become the latest in a wave of Canadian cannabis companies seeking creditor protection. The Toronto-based company will apply for a creditor protection order from the Ontario Superior Court of Justice on Friday, according to a news release. The company has arranged a debtor-in-possession loan from Hegedus Consulting Service to fund the proceedings under […]

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Health Canada reinstates some CannTrust cannabis licenses

Federal cannabis licenses for one of CannTrust’s facilities were reinstated, about nine months after the embattled Ontario producer was hit with suspensions over legal and regulatory breaches. In September, Health Canada suspended the licenses held by CannTrust for its Niagara and Vaughan sites over noncompliance with the Cannabis Act and regulations. Now, Health Canada said […]

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Cannabis producer Aphria moving US listing to Nasdaq from NYSE

Canadian cannabis cultivator Aphria is moving its U.S. stock listing to a new venue, departing the New York Stock Exchange (NYSE) in favor of the Nasdaq Global Select Market. The move will take place after markets close on Friday, June 5. Shares of Aphria will start trading on the Nasdaq as of Monday, June 8 […]

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Hexo received NYSE warning in early April over low stock price

Hexo is the latest Canadian cannabis producer to run afoul of the New York Stock Exchange’s continued listing standards because of a low stock price. The Ontario-based company was warned by the NYSE last month that its shares, which have fallen below $1, do not meet the exchange’s listing standards. Hexo said it receiving the notification April 7 before notifying […]

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Cannabis producer CannTrust to be delisted from NYSE on April 27

The New York Stock Exchange has informed the U.S. Securities and Exchange Commission that it intends to delist the shares of beleaguered Canadian cannabis producer CannTrust on April 27, according to a public notification filed by the exchange. The April 27 date, first reported by New Cannabis Ventures, is almost two weeks ahead of the […]

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Toronto Stock Exchange to delist CannTrust shares May 6

Embattled Canadian cannabis producer CannTrust shares will be delisted from the Toronto Stock Exchange on May 6 after market close, according to a TMX Group notice. TMX Group cited CannTrust’s “failure to meet continued listing requirements” as the reason for the action. CannTrust also disclosed the decision in an April 9 news release. In March, the […]

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Number of Danish medical cannabis consumers plummets on CannTrust suspension

The number of patients accessing Denmark’s medical cannabis pilot program nearly halved in the third quarter of 2019, largely because of supply interruptions related to Canadian producer CannTrust’s regulatory misconduct. Unique consumers fell to 582 in the July-September period from 1,045 in the April-June quarter, according to Danish Health Authority data published last week. The […]

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NYSE aims to boot CannTrust after concluding cannabis producer ‘no longer suitable for listing’

The New York Stock Exchange’s regulatory enforcement arm has initiated the delisting process for CannTrust after concluding the Canadian cannabis producer “is no longer suitable for listing.” NYSE Regulation said Tuesday it reached its decision after the Ontario-based company obtained a creditor protection order from the Ontario Superior Court of Justice. “The Company has a right to a review […]

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