CANNTRUST HOLDINGS INC. CLASS ACTION

  1. Strosberg Sasso Sutts LLP is counsel in a proposed class action on behalf of all persons, other than certain persons associated with the defendants, who, during the period from October 1, 2018 to July 5, 2019, acquired securities of CannTrust Holdings Inc. (“CannTrust”) (TSX : TRST):

    1. on the TSX or alternative Canadian exchanges; and/or
    2. except residents of the United States of America, pursuant to the prospectuses;
          and held some or all of such securities at the close of trading on the TSX on July 5, 2019.
  2. On July 8, 2019, CannTrust informed the public that Health Canada found its greenhouse facility in Pelham, Ontario to be non-compliant with certain regulations. Health Canada’s audit revealed the company had been growing cannabis in unlicensed facilities from October 2018 to March 2019, and that the company had provided inaccurate information to Health Canada.
  3. The plaintiff alleges that CannTrust and certain of its officers and directors made misrepresentations by issuing documents, public statements, and prospectuses, which represented that CannTrust was in material compliance with all laws, regulations, licenses and permits and failing to make timely disclosure of the unlicensed cultivation.
  4. Once this information was revealed, the price of CannTrust securities dropped significantly, causing substantial damages to holders of CannTrust securities.
  5. The plaintiff seeks damages for negligent misrepresentation and liability for primary market misrepresentation and secondary market disclosure pursuant to the provisions of Ontario's Securities Act
  6. If you acquired CannTrust securities during the period from October 1, 2018 and July 5, 2019, please enter the information requested on the questionnaire page.
  7. If you have any questions, please call Strosberg Sasso Sutts LLP at 519.561.6296.
  8. If you would like to know more about how a class action works, click here.
 

IMPORTANT NOTICE

This website provides general information to potential class members on a proposed class action commenced against the CannTrust and others. The court will ultimately decide who will be included as a class member.

The site is not designed to answer questions about your individual situation or entitlement. Do not rely upon the information provided on this website as legal advice in respect of your individual situation nor use it as a substitute for individual legal advice.

This website is updated from time to time to provide class members with further information.

Contact information
Class Action Details

Acknowledgement

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