|Bid||1.7700 x 0|
|Ask||1.7800 x 0|
|Day's Range||1.6600 - 1.8400|
|52 Week Range||1.1500 - 14.1000|
|Beta (3Y Monthly)||4.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||5.09|
Close ties between Aurora and a B.C.-based extraction company are raising questions about the potential for the pot producer to leverage the relationship to artificially inflate sales and profit figures.
Although CannTrust Holdings Inc's (TSX:TRST)(NYSE:CTST) stock is extremely cheap, there are a number of better stocks for investors to buy.
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,427.18, up 8.79 points).Aphria Inc. (TSX:APHA). Health care. Down 76 cents, or 10.6 per cent, to $6.41 on 5.9 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 23 cents, 4.63 per cent, to $4.74 on 5.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 11 cents, or 0.46 per cent, to $24.28 on five million shares.Encana Corp. (TSX:ECA). Energy. Down three cents, or 0.53 per cent, to $5.63 on 4.9 million shares.CannTrust Holdings Inc. (TSX:TRST). Health care. Down seven cents, or 3.85 per cent, to $1.75 on 4.2 million shares.B2Gold Corp. (TSX:BTO). Materials. Up four cents, or 0.95 per cent, to $4.23 on 4 million shares. Companies in the news:Air Canada (TSX:AC). Down 25 cents to $45.38. Several Canadian airlines have scrubbed the phrase "ladies and gentlemen" from their in-flight announcements — or are considering the change — replacing the gendered language with non-binary terminology as part of a broader shift toward corporate inclusivity. Air Transat said in an email it has stopped using the salutation as well as its French equivalent, "Mesdames et messieurs." Air Canada says it will do likewise, amending its on-board announcements "to modernize them and remove specific references to gender." Porter Airlines jettisoned "ladies and gentlemen" in 2018. WestJet Airlines Ltd. and Sunwing Airlines Inc. still include the time-worn phrase in their in-flight announcements, but say they are mulling an edit.Loblaw Companies Ltd. (TSX:L). Down 98 cents to $71.62. Canada's privacy commissioner says Loblaw Companies Ltd. initially collected too much personal information from some customers requesting a gift card tied to an alleged bread price-fixing scandal. The Office of the Privacy Commissioner of Canada says its investigation found Loblaw failed to explain to people that sensitive information like driver's licence numbers, birthdays and digital photos could be redacted, while a name and address were needed to verify an identity. Loblaw offered the $25 gift card as a goodwill gesture after admitting it participated in an alleged industry-wide arrangement to co-ordinate bread price increases.SIR Royalty Income Fund. (TSX:SRV.UN). Down $2.89, or 21 per cent, to $10.87. SIR Royalty Income Fund units fell to a multi-year low Wednesday after it warned that investor payouts will drop 16.7 per cent to reflect a drop in food and drink sales at its restaurants, which include the Jack Astors chain. SIR said same-store sales for its operating company's fourth quarter, which ended Aug. 25, were down 5.9 per cent and didn't improve during the first four weeks of its 2020 financial year. As a result, the trust will lower the monthly cash distributions to be paid on SIR Royalty units by 1.75 cents to 8.75 cents per unit, starting in November, down from 10.5 cents per unit.Hexo Corp. (TSX:HEXO). Down 12 cents or 3.56 per cent to $3.25. Cannabis company Hexo Corp. is moving to undercut prices in the illicit market with a new 28-gram product that costs consumers as much as one dollar less per gram than at the average illegal dispensary. The product, under the brand Original Stash, which will be on sale in Quebec cannabis stores starting Thursday for $125.70, or $4.49 per gram, including taxes, the company said. That's cheaper than the average cost of a gram of cannabis at $7.37 per gram during the third quarter, with the price of legal and illegal weed at $10.23 and $5.59 per gram, respectively, according to the latest Statistics Canada analysis of crowdsourced data. This report by The Canadian Press was first published Oct. 16, 2019.The Canadian Press
Cannabis investors are valuing CannTrust Holdings (TSX:TRST)(NYSE:CTST) stock more highly, but can this price rebound continue?
Today CannTrust Holdings is trading at $1.30 on the NYSE, 25.60% higher than its last closing price. It's risen even faster on the Toronto Stock Exchange.
VAUGHAN, Ont. — CannTrust Holdings Inc. shares shot higher Tuesday after the pot producer announced it will destroy $77 million worth of cannabis plants and inventory as part of its efforts to comply with Health Canada regulations.The stock closed up 51.7 per cent, or 62 cents to $1.82 in trading on the Toronto Stock Exchange.The Vaughan, Ont.-based company received a notice of licence suspension in September from the federal regulator indicating its authority to produce cannabis, other than cultivating and harvesting, and to sell pot had been suspended.The board of directors determined it necessary to destroy $12 million worth of biological assets and about $65 million worth of inventory that was not authorized by CannTrust's licence, the company said.CannTrust said it will not challenge Health Canada's partial suspensions and remains focused on working with the regulator.The destruction process will free up "much needed capacity" to implement remediation measures and store material that has been grown and processed in accordance with the company's license since April 5, the company said.CannTrust said it will implement measures identified by the regulator including ensuring cannabis is produced and distributed only as authorized, and improving record keeping as well as inventory tracking."CannTrust is confident that its detailed remediation plan will not only address all of the compliance issues identified by Health Canada, but it will also build a best-in-class compliance environment for the future," interim chief executive Robert Marcovitch said in a statement.The company said it will provide a detailed remediation plan to Health Canada by Oct. 21.This report by The Canadian Press was first published Oct. 15, 2019.Companies in this story (TSX:TRST) The Canadian Press
With a boost from Aphria’s (APHA) impressive first-quarter earnings, cannabis stocks and ETFs were trading higher today. Let's take a closer look.
The broader US markets were relatively flat today. Weakness in the cannabis sector continued, with the ETFMG Alternative Harvest ETF down 0.4%.
VAUGHAN, ON, Oct. 14, 2019 /CNW/ – CannTrust Holdings Inc. ("CannTrust" or "the Company", TSX: TRST, NYSE: CTST) announced that it continues to make significant progress on its commitment to take any and all actions required to both bring the Company into full regulatory compliance and seek the full reinstatement of its licenses. On September 17, 2019, CannTrust announced that Health Canada had suspended the Company's licenses to produce cannabis and sell cannabis, without affecting the Company's ability to continue cultivating and harvesting cannabis.
VAUGHAN, ON, Oct. 10, 2019 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) today is providing a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders ("NP 12-203"), which require the Company to provide bi-weekly updates until such time as the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order ("MCTO") issued by the Ontario Securities Commission. The MCTO prohibits the directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company files an interim financial report for the three and six month periods ended June 30, 2019, an interim management's discussion and analysis for the corresponding period and certifications of interim filings.
Even if you're the gambling type, CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) is not a stock worth taking a chance on.
CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST) was recently busted for growing marijuana in unlicensed rooms. Is it still a good stock for your TFSA or RRSP?
CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST) stock could surge if management quickly capitalizes on Health Canada’s lenience.
The cannabis sector is characterized extreme volatility. Investors are avoiding Cronos Group Inc. (TSX:CRON)(NASDAQ:CRON) and CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST) because these marijuana stocks are the riskiest.
Today, President Trump announced that a US-China trade deal could happen earlier than expected. Equities were up, but cannabis stocks were mixed.