CTST - CannTrust Holdings Inc.

NYSE - NYSE Delayed Price. Currency in USD
1.2900
-0.2100 (-14.00%)
At close: 4:02PM EDT
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Previous Close1.5000
Open1.5000
Bid0.0000 x 3200
Ask0.0000 x 1200
Day's Range1.2500 - 1.5100
52 Week Range1.2500 - 11.9740
Volume5,128,178
Avg. Volume4,251,100
Market Cap181.727M
Beta (3Y Monthly)4.62
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • MarketWatch

    CannTrust's cannabis license suspended after illegal grows discovered, stock falls 12%

    CannTrust Holdings Inc. said Tuesday afternoon that Health Canada has suspended the cannabis company's license to produce and sell cannabis. Regulators halted CannTrust stock Tuesday morning pending news after its U.S.-traded shares fell 3.3% in morning trading. Once trading resumed at 3:30 p.m. Eastern time, the stock fell more than 10%. Late Tuesday Health Canada told MarketWatch in an emailed statement that it is in the process of "seizing and detaining all cannabis products" at the Pelham and Vaughn, Ontario sites. While the suspension is in effect, CannTrust is permitted to cultivate and harvest existing crops and is allowed to dry and trim that marijuana. CannTrust is not permitted to grow fresh batches of weed or sell cannabis while the suspension is in effect. CannTrust ran afoul of the law by growing cannabis in unlicensed rooms, some of which was exported to medical patients in Denmark.

  • Marijuana Stocks Fall After This Pot Producer's License Is Suspended
    Investor's Business Daily

    Marijuana Stocks Fall After This Pot Producer's License Is Suspended

    Pot producer CannTrust on Tuesday said that the Canadian government has suspended it from selling cannabis.

  • Benzinga

    Health Canada Suspends CannTrust's License To Produce, Sell Cannabis

    CannTrust Holdings Inc (NYSE: CTST) (TSE:TRST) shares plummeted on Tuesday afternoon after the company was notified that Canadian health authorities are suspending its license to produce and sell cannabis in Canada. Canadian investigators alleged this past summer that the Ontario-based company was producing thousands of kilograms of cannabis in unlicensed grow rooms. CannTrust said in a statement Tuesday it was notified that the suspension is a partial one, preventing it from selling the drug, but allowing it to continue to cultivate and harvest existing lots.

  • CannTrust’s Pot License Suspended Following Regulatory Breaches
    Bloomberg

    CannTrust’s Pot License Suspended Following Regulatory Breaches

    (Bloomberg) -- CannTrust Holdings Inc., the beleaguered pot company that’s lost 75% of its value after breaching regulations, had its license suspended by the Canadian government.The company won’t be able to sell or produce cannabis, other than cultivating and harvesting existing plants, CannTrust said in a statement Tuesday. The suspension will remain in effect until it can demonstrate the breaches no longer exist or that the suspension was unfounded.Shares tumbled as much as 17% when they resumed trading following the announcement.The suspension won’t change much in the short term as the Vaughan, Ontario based company had already halted all sales and shipments of its products.Health Canada, the government agency responsible for cannabis regulations, told CannTrust that it could potentially address the suspension by taking measures to ensure pot will be produced and distributed only as authorized and to recover cannabis that wasn’t authorized by the license. It would also need to improve key personnel’s knowledge of and compliance with regulations; and to improve record keeping and inventory tracking.CannTrust’s management and board are reviewing the suspension with counsel and other advisers, the company said.The breaches, which included growing pot in unlicensed parts of its greenhouse in Pelham, Ontario, led to the firing of Chief Executive Officer Peter Aceto and a joint investigation by securities regulators and police. The company has hired Greenhill & Co. to explore potential alternatives, including a sale.To contact the reporter on this story: Kristine Owram in Toronto at kowram@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, ;David Scanlan at dscanlan@bloomberg.net, Jacqueline ThorpeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    CannTrust's license to produce, sell cannabis suspended by Health Canada

    The company had delayed its second-quarter results last month awaiting a decision from Canada's health regulator on a large amount of inventory put on hold after discovery of illegal cultivation by the company. Last month, Health Canada found fault with cannabis production at a second CannTrust Holdings Inc facility, a month after the regulator froze sales of several tonnes of marijuana grown at another one of its Ontario operations. CannTrust has since fired Peter Aceto as chief executive officer, while Eric Paul resigned as chairman.

  • Reuters

    Pot producer CannTrust's license to produce, sell cannabis suspended

    Troubled Canadian pot grower CannTrust Holdings Inc said on Tuesday its license to produce and sell cannabis has been suspended by Health Canada. CannTrust had delayed its second-quarter results last month awaiting a decision from Canada's health regulator on a large amount of inventory put on hold after discovery of illegal cultivation by the company. Last month, Health Canada found fault with cannabis production at a second CannTrust Holdings Inc facility, a month after the regulator froze sales of several tonnes of marijuana grown at another one of its Ontario operations.

  • PR Newswire

    CannTrust Discloses Notice of Licence Suspension

    VAUGHAN, ON, Sept. 17, 2019 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announced that it received late this morning a Notice of Licence Suspension (the "Notice") under section 64(1) of the Cannabis Act (Canada). The Notice cites the Company's previous non-compliance with certain requirements of the Cannabis Act (Canada) and the regulation made thereunder (the "Cannabis regulations") in respect of the matters that the Company has been discussing with Health Canada. The Notice states that Health Canada has suspended CannTrust's authority to produce cannabis, other than cultivating and harvesting, and to sell cannabis.

  • TheStreet.com

    [video]CannTrust Can't Produce or Sell New Cannabis Following License Suspension

    Health Canada's order says the company can cultivate, harvest and process its current inventory.

  • Cannabis Roundup: MMEN, ACB, WEED, and CTST
    Market Realist

    Cannabis Roundup: MMEN, ACB, WEED, and CTST

    Today at 2:10 PM ET, the S&P; 500 Index fell 0.3% as investors watched rising oil prices. The cannabis sector also fell today, as its ETFs traded in the red.

  • CannTrust Holdings Inc. (CTST) Flat As Market Sinks: What You Should Know
    Zacks

    CannTrust Holdings Inc. (CTST) Flat As Market Sinks: What You Should Know

    In the latest trading session, CannTrust Holdings Inc. (CTST) closed at $1.61, marking no change from the previous day.

  • CNW Group

    CannTrust Provides Default Status Report

    VAUGHAN, ON , Sept. 12, 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.

  • CannTrust: Eight Capital Removed Its Target Price
    Market Realist

    CannTrust: Eight Capital Removed Its Target Price

    On Tuesday, Eight Capital removed its target price for CannTrust Holdings due to uncertainty about the risks involved in the company's future operations.

  • Is the Options Market Predicting a Spike in CannTrust (CTST) Stock?
    Zacks

    Is the Options Market Predicting a Spike in CannTrust (CTST) Stock?

    Investors need to pay close attention to CannTrust (CTST) stock based on the movements in the options market lately.

  • Are These Marijuana Stocks A Good Buy Now? Look Past The Hype
    Investor's Business Daily

    Are These Marijuana Stocks A Good Buy Now? Look Past The Hype

    Are marijuana stocks on U.S. exchanges a good buy now? The marijuana industry gets a lot of hype, but look past the smoke and analyze pot stocks on their fundamentals and technicals.

  • CannTrust Down Almost 65% in 2019—What’s Next?
    Market Realist

    CannTrust Down Almost 65% in 2019—What’s Next?

    On September 6, CannTrust Holdings (TRST) (CTST) was trading at 2.33 Canadian dollars. This marked a discount of 85% from its 52-week high.

  • ACCESSWIRE

    FILING DEADLINE--Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of VNTR, CTST and RLGY

    CEDARHURST, NY / ACCESSWIRE / September 9, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.

  • ACCESSWIRE

    DEADLINE ALERT - CannTrust Holdings Inc. (CTST) - Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Class Action and Lead Plaintiff Deadline: September 9, 2019

    NEW YORK, NY / ACCESSWIRE / September 9, 2019 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against of CannTrust Holdings Inc. (“ CannTrust ” or the ...

  • Friday the 13th Won’t Be All Bad for Canada Stocks Rejig
    Bloomberg

    Friday the 13th Won’t Be All Bad for Canada Stocks Rejig

    (Bloomberg) -- Air Canada fell as much as 1.5% on Monday after the stock was unexpectedly left out of a reshuffle of the S&P/TSX 60 Index and Kirkland Lake Gold Inc. added instead.Kirkland Lake rose 2.8% at 9:50 a.m. in Toronto after the announcement late Friday; Husky Energy Inc. was removed in the changes. S&P Dow Jones is still set to announce the changes for the TSX composite on Sept. 13.READ MORE: A Hidden Gem May Join The Big Leagues After Canada Index ShuffleThe index changes -- important in the age of passive investing since they drive the composition of exchange traded funds -- may turn out to be the biggest news in what’s expected to be a relatively quiet week. Expect CannTrust Holdings Inc. to be among those ejected from the composite index after it fell beneath its listing price of C$2.50.Kirkland Lake has soared 80% this year amid gold’s safe-haven rally and is up 675% over three years.Air Canada had climbed more than 300% since 2016 and is the best-performing stock in the Bloomberg World Airlines Index this year. The carrier’s performance has been boosted this year by its planned acquisition of tour operator Transat AT, which will accelerate its global presence in the leisure industry.CannTrust, on the flipside, has fallen almost 85% from its 2018 peak. A demotion from the TSX would mean it has spent a mere six months in the index.To be eligible for index inclusion, a stock must have a float-adjusted market cap of greater than 0.04% of the index itself, according to AltaCorp. It should also have a float turnover of more than 0.5 times over the period of the prior year. For a deletion, the stock will have a float weight of less than 0.025% of the index. The measurement period to determine changes is based on volume-weighted trading over the last 10 trading days of August.The conference schmoozefest will continue with Canadian companies presenting across North America: Barclays Global Financial Services Conference, Rodman & Renshaw 21st Annual Global Investment Conference, RBC Global Industrials Conference and BMO Media & Telecom Conference.Here’s a recap of what happened last week:Markets -- Just The NumbersWhile skepticism remains, markets were buoyed by the easing of U.S.-China trade tensions this week. A spate of good economic data up north supported the Bank of Canada’s reluctance to signal a potential interest rate cut when it held interest rates steady. That culminated with a blockbuster 81,100 jobs created last month, Statistics Canada reported Friday. It was the seventh-largest monthly gain in records going back to 1976, and brought gains to 471,300 over the past 12 months, the most in a year since 2003.Chart of The WeekPoliticsPrime Minister Justin Trudeau is expected to kick off Canada’s election campaign over the next week. The federal election is set to take place on Oct. 21.EconomyEconomists will have one eye on August housing starts, expected on Sept. 10, after the Bank of Canada kept rates unchanged in September, in contrast to the rest of the world’s easing trend. Deputy Governor Lawrence Schembri on Thursday noted the domestic economy’s resilience, highlighting the bank’s determination to chart its own course.TrendingInCanada1\. Tennis superstar (and Canadian!) Bianca Andreescu made history and won the US Open in New York last week. And in true Canadian fashion, she apologized to fans of Serena Williams for her win.(Updates with S&P/TSX 60 shuffle announcements, share price)\--With assistance from Madeleine Lim.To contact the reporters on this story: Divya Balji in Toronto at dbalji1@bloomberg.net;Aoyon Ashraf in Toronto at aashraf7@bloomberg.netTo contact the editors responsible for this story: Madeleine Lim at mlim131@bloomberg.net, Jacqueline Thorpe, David ScanlanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    CLASS ACTION UPDATE for CTST, JE, VAL and SRPT: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, Sept. 09, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..

  • Benzinga

    Cannabis Countdown: Top 10 Marijuana Industry News Stories Of The Week

    Cannabis Countdown: Top 10 Marijuana Industry News Stories of the Week Welcome to the  Cannabis Countdown . In this week’s rendition, we’ll recap and countdown the top 10  marijuana industry news  stories ...

  • GlobeNewswire

    MONDAY DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against CannTrust Holdings Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against CannTrust Holdings Inc. (“CannTrust” or “the Company”) (NYSE: CTST) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. CannTrust was growing cannabis in its Pelham greenhouse without regulatory approval as the applications were still pending.

  • GlobeNewswire

    CANNTRUST 24 HOUR DEADLINE ALERT: APPROXIMATELY 24 HOURS REMAIN; FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuits Against CannTrust Holdings, Inc. - CTST

    NEW ORLEANS, Sept. 08, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large.

  • ACCESSWIRE

    CTST FINAL DEADLINE: Hagens Berman Reminds CannTrust Holdings Inc. (CTST) Investors of Tomorrow’s Lead Plaintiff Deadline, Encourages Investors Who Lost in Excess of $100,000 to Contact the Firm

    Class-action law firm urges CTST investors to learn their shareholder rights against CannTrust to recover investment losses SAN FRANCISCO, CA / ACCESSWIRE / September 8, 2019 / Hagens Berman updates investors ...