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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 9, 2019 to file lead plaintiff applications in a securities class action lawsuit against CannTrust Holdings, Inc. (NYSE: CTST).
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 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, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Huang v. Canntrust Holdings Inc., et al, 1:19cv6396. Click here to read the case complaint.