Thieler Law Corp advises investors with losses exceeding $100,000 of the September 9, 2019 lead plaintiff deadline in a class action lawsuit filed against CannTrust Holdings Inc (NYSE: CTST) (“CannTrust” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased CannTrust Holdings Inc securities between November 14, 2018 and July 5, 2019, have until September 9, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased CannTrust Holdings Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company was growing cannabis in its Pelham greenhouse while applications for regulatory approval were still pending; the Company’s Pelham greenhouse did not comply with certain regulations; as a result, the Company was reasonably likely to face an inventory hold by Health Canada until the Pelham facility becomes compliant with applicable regulations; as a result, the Company’s customers would face shortages and would likely seek product from CannTrust’s competitors; and as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

On July 8, 2019, the Company revealed that its greenhouse facility in Pelham, Ontario, was audited by Health Canada and found to be "non-compliant." Health Canada has placed a hold on approximately 5,200 kilograms of dried cannabis that was harvested in unlicensed rooms at the Pelham facility, until it deems CannTrust is compliant with regulations. CannTrust also said that it instituted a voluntary hold on approximately 7,500 kilograms of dried cannabis equivalent that also was produced in the unlicensed rooms.

Following this news, NYSE: CTST fell from $4.94 per share on July 5, 2019 to $3.83 per share on July 8,2019.

If you were negatively impacted by your investment in CannTrust Holdings Inc securities between November 14, 2018 and July 5, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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