|Bid||0.8300 x 1300|
|Ask||0.8550 x 800|
|Day's Range||0.7920 - 0.8500|
|52 Week Range||0.7500 - 10.1700|
|Beta (3Y Monthly)||3.88|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CannTrust Holdings Inc. (CTST) closed the most recent trading day at $0.79, moving +1.78% from the previous trading session.
When a pot stock gets caught growing black market weed in secret rooms with fake walls like CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST), this happens.
VAUGHAN, Ont. — Troubled cannabis company CannTrust Holdings Inc. says the Toronto Stock Exchange is reviewing the company's eligibility for continued listing on the exchange.The company, which has been under fire since it disclosed in July that Health Canada had discovered illicit cultivation in unlicensed rooms at its Pelham, Ont., greenhouse, says the TSX is reviewing the listing because of its failure to file its recent financial statements.CannTrust says it has not filed its restated audited financial statements for 2018, its restated interim financial statements for the first quarter of 2019 and its interim financial statements for the second and third quarters of 2019 along with the corresponding management discussion and analysis.The TSX has told the company if it is unable to make the disclosures by March 25, 2020, the company's securities will be delisted 30 days following that point.CannTrust says it is working with its independent auditor and expects to file the financial statements and related disclosure before the deadline.Health Canada suspended CannTrust's licenses to produce and sell cannabis in September. The company has submitted a detailed remediation plan to Health Canada and expects to complete the work described in the plan by the end of the first quarter of 2020.In the wake of its disclosure of illicit cultivation, the company fired its CEO "with cause'' and asked its chairman to resign after the board discovered new information during an internal investigation.The company's shares surged briefly on Oct. 15 when it announced plans to destroy $77 million worth of cannabis plants and inventory as part of its efforts to comply with Health Canada regulations.CannTrust announced Oct. 25 that it was laying off as many as 140 people — roughly one quarter of its workforce — while it works to regain its federal licences to sell and produce pot.It said the cuts were expected to result in monthly cash savings of about $400,000 and cost up to $800,000 in severance payments if the employees are not recalled within 35 weeks.The legal cannabis sector has struggled since Canada legalized the product in October of 2018, suffering from supply shortages and a lack of retail outlets, particularly in Ontario. CannTrust shares were down five cents, or 4.46 per cent, at $1.07 in midday trading on The Toronto Stock Exchange.This report by The Canadian Press was first published Nov. 27, 2019.Companies in this story: (TSX:TRST) The Canadian Press
Embattled cannabis producer CannTrust Holdings faces an uncertain future on Canada’s main stock exchange as the TSX reviews its eligibility for listing.
After admitting to unlicensed growing in a Niagara facility, Hexo Corp (TSX:HEXO)(NYSE:HEXO) is facing regulatory issues
The whistleblower that brought the illegal cannabis scandal at Ontario-based licenced producer CannTrust to light has come forward with new video allegedly showing the company’s biggest illegal grow room in operation last January.
Cantor Fitzgerald is predicting “green days ahead” for the battered shares that have struggled to find their footing since Canada legalized recreational pot more than a year ago.
On CannTrust's (CTST) third-quarter earnings call, investor focus will be on the company's efforts to regain licenses for producing and selling cannabis.
With the stock market seemingly not favouring cannabis stocks, both CannTrust and Hexo stocks are on a constant decline, and things look terrible for the two pot producers.
You cannot trust CannTrust even now, considering how adverse the effect of its failure to comply with regulations was for the whole legal cannabis industry.
Between its regulatory scandal and loss of revenue, CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) has had a truly horrible year.
CannTrust (TSX:TRST)(TSX:CTST) director John Kaden resigned on Monday from the company’s board of directors to focus on Navy Capital Green.
VAUGHAN, Ont. — CannTrust Holdings Inc. says John Kaden has resigned as a member of the cannabis company's board of directors.The company says Kaden stepped down to focus on his role as co-founder, managing partner, and chief investment officer of Navy Capital Green Management LLC.CannTrust has been under fire since it disclosed in July that Health Canada had discovered illicit cultivation in unlicensed rooms at its Pelham, Ont., greenhouse.The company later fired its CEO "with cause" and asked its chairman to resign after the board discovered new information during an internal investigation. Health Canada suspended CannTrust's licenses to produce and sell cannabis in September.Kaden joined the CannTrust board in October 2018 and served as a member of the special committee that investigated the causes of the company's non-compliance with Health Canada regulations.The special committee recently completed its investigation and the company submitted a detailed remediation plan to Health Canada in hopes of regaining its cannabis licenses."With its remediation plan now underway, I believe CannTrust is well positioned to fulfil its commitments to both bring the company into full regulatory compliance and seek the full reinstatement of its licenses," Kaden said in a statement.This report by The Canadian Press was first published Oct. 28.Companies in this story: (TSX:TRST) The Canadian Press
Flower One Holdings (CSE: FONE) (OTCQX: FLOOF) has announced that its brand partner has become the top-performing cannabis flower brand in Nevada. According to Headset, a cannabis industry analytics services provider, Old Pal is now the top-performing cannabis flower brand in Nevada. Flower One is licensed to produce and distribute the entire Old Pal product line. MYM […]The post Cannabis Stock News Weekend Roundup October 27 appeared first on Market Exclusive.