Categoría: Geovanny Vicente

Company Expects Products to be Available in Q4 2020

VAUGHAN, ON, Aug. 6, 2020  /PRNewswire/ – CannTrust Holdings Inc. («CannTrust» or the «Company») announced today that it has received notice from Health Canada that the Company’s licenses for its Vaughan Manufacturing Facility (the «Vaughan facility») have been reinstated, effective immediately.

Over the past 12 months, CannTrust has been working diligently to resolve regulatory deficiencies within its business. On May 29, 2020, the Company confirmed it had received notice of license reinstatement for its Fenwick Perpetual Harvest Facility and immediately recommenced cultivation operations at this location, which are proceeding as planned.

«Our license reinstatement is the result of an enormous amount of hard work by the CannTrust team,» said Greg Guyatt, Chief Executive Officer at CannTrust. «Today marks the beginning of the next chapter in CannTrust’s history. We have used the last 12 months to improve every aspect of our business, placing a determined focus on regulatory compliance as we remediated, restructured, and evolved. We are excited to return to work with our partners to provide our consumers and patients with high-quality cannabis products.»

CannTrust will restart manufacturing operations at its Vaughan facility imminently. With all licenses now reinstated, the Company expects to have cannabis products available during the fourth quarter of 2020.

«CannTrust has undergone significant organizational and operational changes as part of our remediation activities,» said Dr. Ilana Platt, the Company’s Chief Regulatory Officer. «Regulatory compliance, risk management, and effective oversight are integral to everything we do.»

CannTrust remains under CCAA protection to facilitate the Company’s efforts to resolve its civil litigation exposures and complete its review of strategic alternatives. These efforts are ongoing, and the Company is unable to predict either their timing or their outcome. In the meantime, the Company remains without meaningful revenues and has terminated or laid-off a significant portion of its workforce. CannTrust plans to begin operations at its Vaughan facility immediately following today’s announcement as an important next step towards rebuilding stakeholder trust and delivering high-quality, innovative products to its patients and customers.

Forward-Looking Statements

This press release contains «forward-looking information» within the meaning of Canadian Securities laws and «forward-looking statements» within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbor laws, and such statements are based upon CannTrust’s current internal expectations, estimates, projections, assumptions and beliefs and views of future events.

Forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as «believes», «expect», «likely», «may», «will», «should», «intend», «anticipate», «potential», «proposed», «estimate» and other similar words, including negative and grammatical variations thereof, or statements that certain events or conditions «may», «would» or «will» happen, or by discussions of strategy.

The forward-looking information and statements in this news release include statements relating to the planned restart of manufacturing operations and the expectation that CannTrust’s cannabis product will be available in the Canadian medical and recreational markets in Q4 2020. Forward-looking information and statements necessarily involve known and unknown risks, including, without limitation: the outcome of the Company’s contingent liabilities; the impact of potential regulatory investigations; the Company’s review of strategic alternatives; risks associated with general economic conditions; adverse industry events; loss of markets; future legislative and regulatory developments in Canada, the United States and elsewhere; the cannabis industry in Canada generally; the ability of CannTrust to effectively resume its cannabis growing, process and packaging operations, the ability of CannTrust to implement its business strategies, and the potential impact of the COVID-19 pandemic on CannTrust’s customers and patients, the financial viability of the Company, and general economic conditions.

Any forward-looking information and statements reflect management’s current beliefs, are based on information currently available to management and, except as required by law, CannTrust does not undertake any obligation to update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for CannTrust to predict all such factors. When considering these forward-looking information and statements, readers should keep in mind the risk factors and other cautionary statements in CannTrust’s Annual Information Form dated March 28, 2019 (the «AIF») and filed with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com and filed as an exhibit to CannTrust’s Form 40-F annual report under the United States Securities Exchange Act of 1934, as amended, with the United States Securities and Exchange Commission on EDGAR at www.sec.gov (the «March 2019 Form 40-F»). The risk factors and other factors noted in the AIF could cause actual events or results to differ materially from those described in any forward-looking information or statements. Readers are also reminded that CannTrust remains in default of its periodic disclosure requirements under applicable securities laws and stock exchange requirements, that its most recent AIF, Form 40-F and other disclosures do not reflect all risk factors that currently face the Company, and that the Company has not completed or filed the restatements of the financial statements included in the AIF or the March 2019 Form 40-F or otherwise filed an amendment to such Form 40-F, and that the Company has determined not to correct its prior filings or make any further filings in respect of periodic disclosure requirements under applicable securities laws and stock exchange requirements. None of the Company’s securities is listed for trading on any stock exchange in any jurisdiction and, in Canada, trading in the Company’s securities is subject to a cease-trade order issued on April 13, 2020 by the Ontario Securities Commission for CannTrust’s failure to comply with its disclosure obligations under applicable securities laws.

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SOURCE CannTrust Holdings Inc.

SEATTLE, Aug. 6, 2020 /PRNewswire/ — The Pandemic Action Network, WHO, Africa CDC, CDC and CDC Foundation, Facebook, Google, Global Citizen and 40+ partner organizations announced today the launch of World Mask Week from August 7-14, an effort to increase the use of face coverings in public across the globe.

Given the alarming exponential increase of infection rates across the globe, sustained community masking in public is critical to stop the spread of COVID-19, even as situations vary around the world. And until we have vaccines or medicines to fight COVID-19, face coverings are one of the best tools we have – particularly where social distancing is not practical.

«COVID-19 is a respiratory disease caused by the transfer of droplets. As the pandemic continues to gain momentum in Africa, we must increase compliance to the public health and social measures so we can protect ourselves and protect our economy. We must increase mass wearing of masks as we expand testing and treatment services,» said Dr. John Nkengasong, Director of Africa CDC.

The initiative encourages people and organizations around the world to rally behind the importance of wearing a mask to stop the spread of COVID-19 during World Mask Week and every week until there is a vaccine available. People can show their support by sharing a statement, picture or video on social media, tagged with #WorldMaskWeek.

«Slowing the spread of COVID-19 requires everyone to play a role to keep themselves and their communities safe and healthy. Health experts have made it clear that wearing a mask is a key and simple preventive measure,» said KX Jin, Head of Health, Facebook. «We’re proud to partner on World Mask Week with leading health organizations as part of our commitment to connecting people to the expert guidance of those working on the frontlines.»

«Google is committed to helping share one simple message: Wear a Mask,» said Dr. Karen DeSalvo, Chief Health Officer, Google. «From our homepage doodle, to providing information on Google Search and Maps, we are connecting people to helpful, authoritative resources that explain how wearing a mask can help reduce the spread of COVID-19 and save lives.»

The CDC Foundation is another Pandemic Action Network partner marking World Mask Week. «We’re committed to supporting the response to the public health threat posed by this virus, and wearing a face covering consistently and correctly is one of the most important things we can do as individuals to fight COVID-19,» said Dr. Judy Monroe, President and CEO of the CDC Foundation. «The CDC Foundation is helping organize and support a number of campaigns, including campaigns with CDC and the Ad Council, focused on the importance of face coverings to crush COVID-19.»

Face coverings block the spray of droplets from sneezing, coughing, talking, singing or shouting when worn over the mouth and nose. They serve as barriers that help prevent droplets from traveling into the air.^1,2,3 Since people may have COVID-19, but not know it or have symptoms, consistent mask wearing can reduce the spread of the virus.^4,5 Mathematical modeling shows that masks worn by 80-90 percent of the population coupled with social distancing could eventually eliminate the disease.⁶

«Inconsistent policies on masking have caused confusion and there is mounting evidence that failing to wear masks is contributing to the spread of COVID-19,» said Eloise Todd, Co-Founder of the Pandemic Action Network. «Leaders should make clear and consistent policies around the importance of wearing a mask outside the home when in public. If nearly everyone wears a mask, practices handwashing and social distancing we can end the pandemic more quickly, prevent suffering and save lives.»

Global Citizen is supporting World Mask Week by encouraging Global Citizens to wear a mask. «We are proud to support World Mask Week as our supporters take action in every corner of the globe to push their leaders to adopt clear rules on wearing a mask in public,» said Michael Sheldrick, Chief Policy and Government Affairs Officer, Global Citizen. «We also need global leaders to govern by example. When we all wear masks, citizens become more focused on listening to the guidance of the medical community, and together we are better suited to help save lives.»

The Pandemic Action Network was launched in April 2020 to drive collective action to help bring an end to COVID-19 and to ensure the world is prepared for the next pandemic. Since launch, the Network has been working with influencers to promote mask wearing– along with social distancing and handwashing – to help stop the spread of COVID-19. World Mask Week provides the opportunity to continue to sustain this momentum, uniting disparate parties around a single message.

World Mask Week partners and activities represent a broad spectrum. For example:

• WHO director-general Tedros Adhanom Ghebreyesus launched the #WearAMask challenge to mark the beginning of World Mask Week, asking people to share their mask photos and videos
• Africa CDC will announce World Mask Week at their press briefing today and follow-up with a presentation by Pandemic Action Network during a training on infection prevention and control for COVID-19 being organized for journalists later in the day. Africa CDC is also posting messages about World Mask Week on its social media platforms
• The gaming industry, under its #PlayApartTogether initiative, is integrating World Mask Week messages and images into its games
• iHeartMedia is integrating World Mask Week content into their programming
• World Economic Forum and their Global Shaper and Young Global Leader networks will join the campaign via social media

For more information, visit worldmaskweek.com.

About the Pandemic Action Network
The Pandemic Action Network drives collective action to help bring an end to COVID-19 and to ensure the world is prepared for the next pandemic. The Network consists of 40+ organizations aligned on the mission to promote policies that save the most lives and protect livelihoods by ending the cycle of panic and neglect on pandemics.

References

1. CDC. About Cloth Face Coverings. https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-sick/about-face-coverings.html.
2. Prather KA, Wang CA, Schooley RT. (2020). Reducing transmission of SARS-CoV-2. Science 368(6498):144-1424.
3. Lyu W, Wehby, GL (2020). Community use of face masks and covid-19: evidence from a natural experiment of state mandates in the US. Health Affairs 39(8).
4. Chan TK. (2020). Universal masking for COVID-19: evidence, ethics and recommendations. BMJ Global Health 5:e002819. doi:10.1136/bmjgh-2020-002819.
5. Lai CC, Liu YH, Wang CY, et al. (2020). Asymptomatic carrier state, acute respiratory disease, and pneumonia due to severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2): facts and myths. J Microbiol Immunol Infect 53 (3):404-412. doi:10.1016/j.jmii.2020.02.012.
6. Kai, De, Goldstein, Guy-Philippe, Morgunov, Alexey, Nangalia, Vishal, Rotkirch, Anna, Universal Masking is Urgent in the COVID-19 Pandemic: SEIR and Agent Based Models, Empirical Validation, Policy Recommendations, https://www.researchgate.net/publication/340933456_Universal_Masking_is_Urgent_in_the_COVID-19_Pandemic_SEIR_and_Agent_Based_Models.

CONTACTS:
Jessica Ross (US)
jessica.ross@evokegroup.com
+1-267-254-5577

Connie Bunch (UK)
connie.bunch@evokegroup.com
+44 7557 1954511 

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SOURCE Pandemic Action Network