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Non-Tech : Marijuana Stocks

CGC 1.170

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Nov 7 9:30 AM EST

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From: kidl	9/19/2019 9:07:53 AM
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FP says Canntrust may not be a viable takeover target Canntrust Holdings Inc (C:TRST) Shares Issued 141,481,527 Last Close 9/18/2019 $1.72 Thursday September 19 2019 - In the News The Financial Post reports in its Thursday edition that a licence suspension that stripped Canntrust Holdings of its ability to grow and sell cannabis is raising new questions about it remains a viable takeover target. The Post's Victor Ferriera writes that Canntrust said Tuesday that the suspension will only allow it to cultivate and harvest existing plants and perform ancillary activities such as trimming, drying and milling on those plants. It cannot propagate new plants, and its "licences for standard processing, medical sales, cannabis drugs and research issued under the Cannabis regulations" were fully suspended. The suspensions may result in a loss of interest from potential suitors looking to pick up the company, or some of its assets, at a discount. The main concern a prospective buyer should have at this point, experts agreed, is that they would be entering new territory because of Health Canada's influence. Weed lawyer Trina Fraser says any share purchase acquisition would have to be approved by Health Canada and a buyer would take on any future liabilities -- including those in retaliation for actions that occurred under previous management, regardless of whether they have yet been made public. © 2019 Canjex Publishing Ltd.

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