Word this morning the Toronto Stock Exchange is reviewing a cannabis company's eligibility to be listed on the exchange.
CannTrust Holdings Inc. have been moving forward with a remedial plan after Health Canada flagged compliance issues at their Pelham greenhouse after plants were grown in an unlicensed room.
The TSX has told the company if it's unable to provide restated audited financial statements for 2018, restated interim financial statements for the first quarter of this year, and interim financial statements for the second and third quarters of this year the company will be delisted 30 days.
The company has until March 25, 2020 to file the statements.
CannTrust officials say they are making progress in working with an independent auditor in connection with preparing its financial statements and corresponding MD&A.