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CannTrust Holdings Inc (CNTTQ)

OTC Markets
Currency in USD
Disclaimer
0.0000
0.0000(0.00%)
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CNTTQ Comments

It seems like this piasco will be over soon. There are many cases breaching guidelines specially in Cannabis producers. Almost all cannabis producers did go through the authorities fines and extra guidance like Aphria, Namaste, Hexo Cronos. HC wouldn't take CT as a exemplary case due to the nature of the business and the huge impacts on investors eventually. The internal audit and management will take a countermeasures to save 900 jobs and to improve the transparency. It turned out that the law suits also was not successful as it's hard to prove that the extra production was produced at a company level. Holding sales voluntarily during the HC review is also good gesture for the lenient consequences. Hope everything's over soon and recover the loss and reach $11 target soon after this hard time.
Agree.  "Non-compliance" is being treated as an imminent shutdown of the company, when in reality it is an easily remedied (in most cases) technical limbo that can be caused by things as simple as resubmitting paperwork with proper signatures and dates.  This case is a more blatant violation for sure, but the voluntary holds and admission of errors bodes well for them.  This feels a lot like the citron APHA squeeze before the quick recovery from overreaction imo... .
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