Money gone. I have been following this company, curious to see how criminal activity plays out, but stayed on the sidelines as I don't like to gamble. I know many retail investors expected this to return to old highs with short term fix and a fresh license. In reality, if you invested, trading has now been halted on both the TSX and the NYSE, and you can't reach your money. The Company expects that, as a result of having filed for protection under the CCAA, the Common Shares will soon be delisted from trading on the TSX and NYSE. In addition, CannTrust anticipates that, as a result of the Company's filing for protection under the CCAA, its pending delisting by the TSX and NYSE, and its continuing default of its disclosure obligations under applicable securities laws, provincial securities regulators in Canada will issue a cease trade order to prevent any trading in the Common Shares in Canada. Last but not least, Canntrusts expects to have no meaningful revenue for months to come.
No take over, no remedy, no sale, no nothing. Just a dull *POOF*. It is really that simple.
Trade with caution. Garbage is just that: garbage. I said it 5 months ago, and I repeat it today.
No take over, no remedy, no sale, no nothing. Just a dull *POOF*. It is really that simple.
Trade with caution. Garbage is just that: garbage. I said it 5 months ago, and I repeat it today.
🅱🄰🆁🅺🆆🄾🆁🆃🅷