Along with the release of its Q3 financial results, CannTrust Holdings (TSX:TRST) announced after market close on Wednesday (November 14), that it is taking steps to become listed on the New York Stock Exchange (NYSE).

The company saw record revenues of C$12.6 million during Q3, indicating a 105 percent increase from Q3 2017’s C$6.14 million revenue. Additionally, CannTrust stated that it is pursuing listing its common shares on the NYSE, but gave few details.


Freshly appointed CEO Peter Aceto commented on the decision, explaining that the listing would be a logical step ahead for the company.

“CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in science and innovation. A US listing is a natural step forward in our evolution as we look to broaden our investor base and expand our business on an international scale,” he said in the press release.

Highlights from the Q3 report also showed that active patients grew to over 50,000, a 61 percent increase from Q3 2017. These numbers coincide with CannTrust obtaining supply agreements with nine Canadian provinces for recreational cannabis post-legalization.

During Q3, the company also made history with its first shipment of cannabis oil to Denmark, signifying the first and only medical cannabis oil to be accepted into the country.

“We are extremely pleased with our Q3 results that are a testament to the success of this company and the incredible progress that we have made in such a short period of time,” Eric Paul, chairman of the board and former, said in the statement.

“With the opening of the recreational market and the numerous opportunities that our company is positioned to capitalize on, this is only the beginning.”

Paul made headlines in early October when he opted to step down from his CEO position just two weeks before cannabis legalization in Canada. He paved the way for Aceto, formerly the CEO of online bank Tangerine, to fill his place; Paul chose to stay with CannTrust as chairman of the board and by serving as a special advisor to the company’s management team.

Following the announcement, CannTrust shares were way up on Thursday (November 15) boosting 22.85 percent to $8.87 a piece as of 11:00 a.m. EST on the TSX.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

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Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

To join the Aurora class action, go to http://www.rosenlegal.com/cases-register-1965.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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Trading resumes in:

Company: 4Front Ventures Corp.

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  4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (” 4Front ” or the ” Company “) is pleased to announce that it has completed its previously announced bought deal prospectus offering (the ” Offering “) of units of the Company (” Units “), for aggregate gross proceeds of C$17,251,150 including full exercise of the over-allotment option granted to the underwriters in connection therewith.

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Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff

Tactile Systems Technology (NASDAQ:TCMD)
Class Period:
May 7, 2018 – June 8, 2020
Deadline: November 30, 2020
For more info: www.bgandg.com/tcmd

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Khiron Life Sciences Corp. (“ Khiron ” or, the “ Company ”) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), announced today that it has re-filed its unaudited condensed interim consolidated financial statements, together with the notes thereto, for the three and six months ended June 30, 2020 and 2019 (the “ Interim Financial Statements ”) to correct, among other things, certain 2019 comparative period information and to update certain presentation arising from the Company’s early adoption of IFRS 3 in late 2019, which changes were identified in connection with the Company’s review engagement with its auditor. The Company does not consider these adjustments either individually nor in the aggregate, to be material.

The re-filed Interim Financial Statements reflect changes to the Condensed Interim Consolidated Statements of Loss and Comprehensive Loss comparative period to remove transaction fees from the income statement and capitalize them to the applicable acquisition in accordance with the Company’s early adoption of the amended IFRS 3 as set out in Note 2, and to reclassify $1 million from general and administrative expenses to transaction fees for presentation purposes to conform with the Company’s presentation used in its audited consolidated financial statements for the years ended December 31, 2019 and 2018 (the “ Audited Annual Financial Statements ”). The re-filed interim Financial Statements also reflect changes to the Condensed Interim Consolidated Statement of Changes in Shareholders’ Equity to correct the 2019 comparative period balances as they incorrectly reflect Q1 2019 period balances, update certain presentation to conform with the Company’s presentation used in its Audited Annual Financial Statements; and reduce the valuation conclusion of the Company’s acquisition of NettaGrowth International Inc. to conform with the Audited Annual Financial Statements. The re-filed Interim Financial Statements also bring forward the subsequent event note disclosure.

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