Scandal-plagued LP CannTrust will be delisted from the New York Stock Exchange on April 27. It will be delisted from the Toronto Stock Exchange on May 6. The move is part of CannTrust’s bankruptcy filing.
Canada.com, MJ Biz Daily
- Thanks to last week’s 1-for-12 consolidation (rollback) of stock, Aurora avoided being delisted by the NYSE for trading below $1.
The Deep Dive, Seeking Alpha
In other corporate news:
RavenQuest BioMed is set to lose the last of its Health Canada licenses. The company lost access to its Markham, Ontario production facility, leading Health Canada to revoke its license. Last month, RavenQuest BioMed lost another license in Alberta over non-payment of rent.
The Deep Dive
REC retailer Fire & Flower announced it would receive $10M from Alberta crown lender ATB Financial.
New Cannabis Ventures
US online REC marketplace Dutchie, which operates in several provinces, began taking Visa and Mastercard.
Forbes
Debate raged on Twitter about whether LPs who criticize Health Canada on social media should reasonably expect to have their applications delayed.
Twitter–@Kieley Beaudry
