skip to main content
 
 
 
News
In the News
Jul 25, 2019

Matt Maurer speaks to The Globe and Mail regarding the ongoing situation at CannTrust

Share:

Shares of CannTrust Holdings Inc. dropped 22 per cent on Wednesday, a day after The Globe and Mail reported both CannTrust’s chairman and chief executive officer were informed about cannabis being grown in parts of a facility that had not been licensed seven months before Health Canada uncovered the regulatory breach.

Matt Maurer, the vice-chairman of Toronto-based Torkin Manes LLP’s Cannabis Law Group, said he’s received a large number of calls from U.S. financial institutions over the past several days inquiring about the situation at CannTrust.

“It seems like these calls are more like, ‘should we be selling and should we be shorting?’ versus, ‘where should we be looking to buy at the low end?’ ” Mr. Maurer said, referring to the practice of short-selling, where investors bet on share price declines.

This article was originally published on The Globe and Mail website. To read the complete article, visit The Globe and Mail

Related News

In the News

Vlad Mihaescu speaks at the Ontario Bar Association's Cannabis Law Primer

Vlad Mihaescu Vlad Mihaescu spoke at the Ontario Bar Association's Cannabis Law Primer on June 10, 2020.
Jun 11, 2020
In the News

Matt Maurer was a guest on the Disrobed Podcast

Matt Maurer Matt Maurer, of Torkin Manes' Cannabis Law Group, was recently a guest on the Disrobed Podcast. He spoke on the evolving landscape of the cannabis ind...
Jun 8, 2020
Firm News

Congratulations to our lawyers recognized in The 2020 Canadian Legal Lexpert Directory

Torkin Manes is pleased to announce that several firm members have been named as leaders in their fields in The 2020 Canadian Legal Lexpert Directory....
May 12, 2020