NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of CannTrust Holdings Inc. (NYSE: CTST) resulting from allegations that CannTrust may have issued materially misleading business information to the investing public.
On July 8, 2019, CannTrust announced its greenhouse facility in Pelham, Ontario, was audited by Health Canada and found “non-compliant.” Health Canada has placed a hold on 5,200 kilograms of dried cannabis that was harvested from five unlicensed rooms at the facility until it deems CannTrust compliant with regulations. Additionally, CannTrust said that it had instituted a voluntary hold on 7,500 kilograms of dried cannabis that was produced in the unlicensed rooms.
Following this news, CannTrust stock fell sharply in intraday trading on July 8, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by CannTrust investors. If you purchased shares of Takeda please visit the firm’s website at http://www.rosenlegal.com/cases-register-1616.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
