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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  CannTrust Holdings Inc    TRST   CA1378002077

CANNTRUST HOLDINGS INC

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Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 Investing In RBGPF, CTST, VERB., RLGY To Contact The Firm

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08/25/2019 | 11:40am EDT

New York, New York--(Newsfile Corp. - August 25, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, encourages investors in the following companies to contact the firm:

Company: Reckitt Benckiser Group plc (OTC: RBGPF)

Lead Plaintiff Deadline: September 13, 2019

Class Period: July 28, 2014 - April 9, 2019

Contact Us: www.faruqilaw.com/RBGPF

The case, City of Sterling Heights Police & Fire Retirement System v. Reckitt Benckiser Group plc, et al., No. 19-cv-15382, has been filed in the United States District Court for the U.S. District Court for the District of New Jersey against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that Reckitt and its most senior executives perpetrated a scheme, which generated over $3 billion in proceeds, to facilitate opiate abuse among U.S. consumers and mislead investors and the public regarding the health and safety risks of Reckitt's new key opiate product, Suboxone Film. The case has been assigned to Judge Brian R. Martinotti.

Company: CannTrust Holdings Inc. (NYSE: CTST)

Lead Plaintiff Deadline: September 9, 2019

Class Period: November 14, 2018 - July 5, 2019

Contact Us: www.faruqilaw.com/CTST

The case, Alvarado v. CannTrust Holdings Inc. et al., No. 19-cv-06438, has been filed in the United States District Court for the Southern District of New York against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: 1) while the Company represented that its facilities were licensed, between October 2018 and March 2019 the Company had grown cannabis in five unlicensed rooms in violation of Canadian law causing the Company's Niagara Perpetual Harvest Facility in Pelham, Ontario to be non-compliant with certain Canadian regulations; 2) that the Company had shipped unlicensed cannabis from the Company's Niagara Perpetual Harvest Facility to at least StenoCare in Denmark in violation of the Canadian Cannabis Act; 3) that Company employees provided materially inaccurate information to Canadian regulators; and 4) that due to these undisclosed material negative conditions, the Company's was facing undisclosed, material risks, including inventory holds of a material amount of the Company's product, product shortages as a result of inventory holds, increased regulatory scrutiny, material delays to further licensing, and the material loss of customers. The case has been assigned to Judge J. Paul Oetken.

Company: Verb Technology Company (NASDAQ: VERB)

Lead Plaintiff Deadline: September 9, 2019

Class Period: January 3, 2018 - May 2, 2018

Contact Us: www.faruqilaw.com/VERB

The case, Hartmann v. Verb Technology Company, Inc. et al., No. 19-cv-05896, has been filed in the United States District Court for the Central District of California against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose the true scope of the Oracle Agreement as the Company did not have a contract with Oracle to jointly develop and market the Company's product and that as a result of the foregoing, the Company's public statements were materially false and misleading at all relevant times. The case has been assigned to Judge George H. Wu.

Company: Realogy Holdings Corp. (NYSE: RLGY)

Lead Plaintiff Deadline: September 9, 2019

Class Period: February 24, 2017 -May 22, 2019

Contact Us: www.faruqilaw.com/RLGY

The case, Tanaskovic v. Realogy Holdings Corp., No. 2:19-cv-15053, has been filed in the United States District Court for the District Court of New Jersey against the Company and certain of its officers. The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Realogy was engaged in anticompetitive behavior by requiring property sellers to pay the commissions of a buyer's broker at an inflated rate; (2) Realogy's anticompetitive actions would prompt the U.S. Department of Justice ("DOJ") to open an antitrust investigation into the real estate industry's practices regarding brokers' commissions; and (3) as a result, Defendants' statements about the Realogy's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. The case has been assigned to Judge Stanley R. Chesler.

If you invested in any of these companies, please fill out the form on our website at the links above to learn more. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an email to rgonnello@faruqilaw.com.

CONTACT:

FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding the foregoing companies' conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/47255


© Newsfilecorp 2019
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Financials (CAD)
Sales 2019 74,3 M
EBIT 2019 -
Net income 2019 -7,79 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 -28,7x
P/E ratio 2020 -7,48x
Capi. / Sales2019 3,27x
Capi. / Sales2020 2,00x
Capitalization 243 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 7,50  CAD
Last Close Price 1,72  CAD
Spread / Highest target 656%
Spread / Average Target 336%
Spread / Lowest Target 16,3%
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NameTitle
Peter R. Aceto Chief Executive Officer
Eric Paul Chairman
Ian Abramowitz Chief Financial Officer
Mark I. Litwin Vice Chairman
Mark E. Dawber Independent Director
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