July 11, 2019 / 3:44 PM / 3 months ago

BUZZ- CannTrust falls for 5th straight day

(Updates shares, adds Alberta’s plan)

** Shares of Canadian pot producer CannTrust Holdings Inc down 7.3% at C$3.82; U.S.-listed shares down 8.2% at $2.90

** Alberta is placing an unspecified amount of TRST products on hold as a precautionary measure, officials said

** Alberta joins online weed retailer run by Ontario, which pulled several TRST products from its offerings

** Co’s partner in Denmark, StenoCare, also says it will quarantine five batches of cannabis oil received from CannTrust, up from one batch it previously announced

** On Monday, TRST said Health Canada was putting a hold on 5,200 kg of cannabis produced in non-compliant facilities, while co put voluntary hold on further 7,500 kg

** At least 6 brokerages have cut PTs since the announcement on Monday

** Including Thursday’s losses, TRST has fallen ~41% this week (Reporting by Debroop Roy and Shanti S Nair in Bengaluru)

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