Toronto Stock Exchange warns CannTrust about doable delisting

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The Toronto Stock Exchange (TSX) mentioned it would delist CannTrust’s shares if the Ontario cannabis producer is unable to file relevant economic statements by March 25, 2020.

A assessment will be carried out on the company’s eligibility for continued listing on the stock exchange, CannTrust disclosed this week.

The assessment is a outcome of CannTrust getting late in satisfying particular disclosure needs, specifically:

  • Restated audited economic statements for the year ended Dec. 31, 2018.
  • Restated interim economic statements for the 1st quarter of 2019.
  • Interim economic statements for the second and third quarters of 2019.
  • Management’s discussion and evaluation (MD&ampA) for the corresponding periods.

For its portion, CannTrust mentioned it anticipates filing these disclosures just before the March 25, 2020 deadline.

Having said that, if it fails to file the documents by the deadline, the company’s shares will be delisted by the finish of April 2020.

“The corporation continues to make progress in functioning with its independent auditor in connection with preparing its economic statements and corresponding MD&ampA,” CannTrust mentioned in a news release.

In the meantime, the company’s securities will continue trading om the TSX as TRST.

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