1.1399 -0.00 (-0.01%)
After hours: 5:48PM EST
|Bid||1.1300 x 2900|
|Ask||1.1400 x 2900|
|Day's Range||1.1200 - 1.2100|
|52 Week Range||0.7500 - 10.1700|
|Beta (5Y Monthly)||3.86|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Is there room for recovery as Aurora Cannabis (TSX:ACB)(NYSE:ACB) stock underperforms that of an embattled CannTrust Holdings (TSX:TRST)(NYSE:CTST)?
If you are looking to buy into the green industry of cannabis this year, you may want to stay clear of CannTrust Holdings stock and Namaste Technologies stock.
Horizons Marijuana Life Sciences ETF (TSX:HMMJ) stock could be the ultimate proxy for a rebound in the legal pot sector.
Clouds hanging over Canada’s cannabis industry could begin to part in 2020 as a crop of new pricier products and more stores in sparsely-served Ontario translate to stronger quarterly results, according to analysts at Stifel GMP Research.
Here’s why bargain hunters should be placing contrarian bets on beaten-down cannabis stock CannTrust Holdings (TSX:TRST)(NYSE:CTST) today.
CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) dominated 2019 stock market news headlines in Canada with a secret grow room scandal preceding a stock selloff.
Why an NYSE delisting would be best for CannTrust (TSX:TRST)(NYSE:CTST) after the price of the pot stock fell below the US$1 requirement.
CannTrust Holdings Inc. (CTST) closed the most recent trading day at $0.84, moving +0.75% from the previous trading session.
VAUGHAN, Ont. — Embattled cannabis company CannTrust Holdings Inc. says it has been notified by the New York Stock Exchange that its shares are too low to continue to be listed on the stock market.The U.S. stock market requires the closing price of a listed company's common shares to be at least US$1 per share over 30 consecutive days. As of Monday, CannTrust's closing prices was 97 cents US.They lost 7.4 cents or 8.1 per cent at 83.6 cents US in Tuesday trading. In Toronto, the shares lost 11 cents or 9.2 per cent to $1.08.The Ontario-based company can regain compliance within six months if its closing price reaches at least US$1 on the last trading day on any calendar month and also has an average closing price of at least $1 over the 30-day trading-day period.The shares will remain listed and trade as usual during that period.The NYSE announcement comes almost two weeks after CannTrust said the Toronto Stock Exchange was reviewing the company's eligibility for continued listing on the exchange.The company has been under fire since it disclosed in July that Health Canada had discovered illicit cultivation in unlicensed rooms at its Pelham, Ont., greenhouse.This report by The Canadian Press was first published Dec. 10, 2019.Companies in this story: (TSX:TRST)The Canadian Press
No matter how forgiving you might feel with the New Year around the corner, CannTrust is a stock you should avoid like the plague right now.
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.