Slap On Wrist For CannTrust From NYSE Over Low Stock Price

This is the second time this has happened, the last being December last year. The market jitters over coronavirus aren’t going to make things any easier for them also.

MJ Biz report

The NYSE requires the average closing price of common shares to be at least $1 over a consecutive 30 trading-day period.

As of Feb. 25, CannTrust’s 30 trading-day average was $0.99.

Under NYSE rules, CannTrust can regain compliance at any time during the six-month period if its common shares have a closing price of at least $1 on the last trading day of any calendar month during the period, “and also have an average closing price of at least $1 over the 30 trading-day period ending on the last trading day of that month or on the last day of the cure period.”
The Vaughan, Ontario-based company has six months from the receipt of the to notice to regain compliance.

During the period, CannTrust shares will continue to trade on the NYSE.

Full report

CannTrust’s low stock price prompts another NYSE warning


Cannabis Law Report Has Been Publishing Legal, Professional & Regulated
Cannabis News Daily Since 2016 – All For Free

We want to carry on providing the important cannabis sector
news for free for all our readers.

Costs are rising to produce Cannabis Law Report and we’d like to ask you,
our readers, for a small donation.

Primary Sponsor

New: Free USA Cannabis Case Law Search – New Cases Daily

Directory Categories

Sponsor – aBizinaBox

Top Marijuana Blog
%d bloggers like this: