Matt Maurer speaks to The Globe and Mail regarding the ongoing situation at CannTrust
Shares of CannTrust Holdings Inc. dropped 22 per cent on Wednesday, a day after The Globe and Mail reported both CannTrust’s chairman and chief executive officer were informed about cannabis being grown in parts of a facility that had not been licensed seven months before Health Canada uncovered the regulatory breach.
Matt Maurer, the vice-chairman of Toronto-based Torkin Manes LLP’s Cannabis Law Group, said he’s received a large number of calls from U.S. financial institutions over the past several days inquiring about the situation at CannTrust.
“It seems like these calls are more like, ‘should we be selling and should we be shorting?’ versus, ‘where should we be looking to buy at the low end?’ ” Mr. Maurer said, referring to the practice of short-selling, where investors bet on share price declines.
This article was originally published on The Globe and Mail website. To read the complete article, visit The Globe and Mail.
Most Recent Posts
Of 2,078 applications in Tuesday’s provincial lottery for the chance to apply for new pot shop licences in the GTA, five winners proposed the sa...
Aug 23, 2019
As promised, the names of 42 applicants across Ontario who won a lottery that may allow them to open a cannabis store were announced Wednesd...
Aug 23, 2019
By Kenneth Beallor
The Ontario Government has moved to the next phase of its plan to license cannabis retail stores within the province with the most ...
Aug 23, 2019