TRST.TO - CannTrust Holdings Inc.

Toronto - Toronto Delayed Price. Currency in CAD
2.4800
-0.1000 (-3.88%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close2.5800
Open2.4500
Bid2.4800 x 0
Ask2.4900 x 0
Day's Range2.4300 - 2.6400
52 Week Range2.2200 - 15.5000
Volume1,520,645
Avg. Volume2,394,630
Market Cap350.136M
Beta (3Y Monthly)4.59
PE Ratio (TTM)N/A
EPS (TTM)-0.1210
Earnings DateMay 14, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.33
  • Cresco Labs: Target Price and Valuation Multiple
    Market Realist

    Cresco Labs: Target Price and Valuation Multiple

    Coverage on Cresco Labs has increased from seven analysts in July to nine in August. Six analysts favor a “strong buy,” and three recommend a “buy.”

  • MedMen Fires Up to Make Marijuana Legal in Florida
    Market Realist

    MedMen Fires Up to Make Marijuana Legal in Florida

    MedMen (MMNFF) (MMEN) closed 1.9% higher on Thursday. The company launched a 2020 ballot initiative called “Make it Legal Florida."

  • HEXO: What Does Jim Cramer Think?
    Market Realist

    HEXO: What Does Jim Cramer Think?

    HEXO reported its third-quarter earnings on June 12. The company reported revenues of $13.0 million, which fell short of analysts’ estimate.

  • Can Marijuana Legalization Spark Beto O’Rourke’s Bid?
    Market Realist

    Can Marijuana Legalization Spark Beto O’Rourke’s Bid?

    Marijuana reform is central to Beto O’Rourke's 2020 presidential campaign—how could his agenda that affect the cannabis industry?

  • 3 Popular Pot Stocks At or Near Their 2019 Lows That Still Aren't Worth Buying
    Motley Fool

    3 Popular Pot Stocks At or Near Their 2019 Lows That Still Aren't Worth Buying

    Despite plunging valuations, these well-known marijuana stocks are worth avoiding.

  • Benzinga

    High-Level CannTrust Employees Leave In Aftermath Of Health Canada Violations

    CannTrust Holdings Inc. (NYSE: CTST) is losing employees in the aftermath of the company's Canadian regulatory issues, according to the Financial Post. The three known names are operations manager Cameron Fletcher; master grower Brady Green; and vice president of quality operations Andrea Kirk. CannTrust spokeswoman Jane Shapiro said there was a “number of departures” at the company, and said new employees were also appointed to senior positions.

  • Bloomberg

    CannTrust’s 84% Plunge From Peak Wipes Out Gains Since IPO

    (Bloomberg) -- Exactly two years after its debut, CannTrust Holdings Inc.’s stock has fallen beneath its listing price of C$2.50.The pot company has lost nearly two-thirds of its value since early July when it revealed it had broken Canadian regulations by growing cannabis in unlicensed areas of its greenhouse in Pelham, Ontario, potentially putting its license at risk.The negative headlines have mounted since then. Chief Executive Officer Peter Aceto was fired and Chairman Eric Paul resigned; a joint task force of securities regulators and police is investigating the company for potential “serious violations of the law”; auditor KPMG LLP withdrew its reports on the company’s year-end and first-quarter results; regulators found further breaches at a second facility in Vaughan, Ontario; and Ontario’s cannabis wholesaler is returning C$2.9 million worth of products at the company’s expense.CannTrust has hired Greenhill & Co. to explore potential alternatives including a sale.The stock fell as low as C$2.45 on Wednesday, down 5.8%. If it ends the day at that level, it would be the lowest close since September 2017. Short interest stood at 8% of the public float on Aug. 20, according to IHS Markit data.CannTrust is in the midst of an “organizational transformation, which has included a number of departures and the reassignment of roles and responsibilities,” company spokeswoman Jane Shapiro said in an email Wednesday.It has appointed Dan Hogan, formerly CEO of luggage and handbag retailer eBags Inc., as head of strategic priorities. Ken Doige has been named vice president of security. Doige was previously vice president of compliance and risk management at cannabis retailer Fire & Flower Holdings Corp.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, Morwenna ConiamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cannabis stocks mixed as CannTrust hit by product return, MedMen boosted by delivery launch
    MarketWatch

    Cannabis stocks mixed as CannTrust hit by product return, MedMen boosted by delivery launch

    Cannabis stocks were mixed on Monday, with CannTrust falling another 5% on news a customer is returning almost three million Canadian dollars worth of its weed and MedMen rallying as it launches delivery service across California.

  • Canopy Growth Falls to Its Lowest Point in 2019
    Market Realist

    Canopy Growth Falls to Its Lowest Point in 2019

    Today, Canopy Growth (WEED) (CGC) stock saw its lowest point in 2019. The stock opened at $28.3 but fell to $26.5 in the afternoon.

  • CannTrust: Why Has the Stock Fallen Today?
    Market Realist

    CannTrust: Why Has the Stock Fallen Today?

    CannTrust Holdings’ (TRST) troubles continue to rise. Today, OCS announced that it will return $2.9 million worth of products to the company.

  • Why Has Curaleaf Lost 13.5% in August?
    Market Realist

    Why Has Curaleaf Lost 13.5% in August?

    As of August 17, Curaleaf Holdings (CURA) (CURLF) was trading at 9.00 Canadian dollars—a fall of 13.5% in August.

  • Cannabis Industry: FBI and FDA Tighten the Screws
    Market Realist

    Cannabis Industry: FBI and FDA Tighten the Screws

    Cannabis companies face regulatory challenges. Recently, CannTrust (CTST) didn't comply with Health Canada’s regulations.

  • Benzinga

    Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week – Earnings SZN Edition

    Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week – Earnings SZN Edition Welcome to the  Cannabis Countdown . In this week’s rendition, we’ll recap and countdown the top 10  marijuana ...

  • Benzinga

    Ontario Cannabis Regulator Returns Nearly $3M In Noncompliant Product To CannTrust

    The Ontario Cannabis Store is the government-run crown corporation that oversees wholesale distribution of cannabis products to licensed retailers in the province. The regulatory body determined that some of its products are "non-conforming" under the terms of the company's master cannabis supply agreement. The OCS' decision is independent of Health Canada's recent determination that some of CannTrust's products were produced in unlicensed facilities.

  • MarketWatch

    CannTrust says Ontario Cannabis Store to return C$2.9 million of its weed

    Troubled Canadian cannabis company CannTrust Holdings Inc. said Monday it has received notice from the Ontario Cannabis Store, the Crown corporation in charge of wholesale cannabis distribution to licensed cannabis retailers in the province, and operator of Ontario's biggest online recreational cannabis store, that some of its products are non-conforming under the master agreement between the two parties. As a result, the OCS is returning product worth about C$2.9 million ($2.2 million). The news sent CannTrust shares down 3.3% in premarket trade. The stock has lost 65% of its value in the last three months, ever since Health Canada seized five metric tons of product after discovering it was growing in unlicensed rooms. The company fired its Chief Executive Peter Aceto for cause and pushed out President Eric Paul, after The Globe and Mail uncovered emails showing management were aware of the unlicensed grow and that some of the illicit cannabis had been exported to Denmark, a breach of Canadian drug laws. Health Canada has since discovered irregularities at another CannTrust facility in Ontario.

  • CNW Group

    CannTrust Statement Regarding Notice of Product Return at Ontario Cannabis Store

    CannTrust Statement Regarding Notice of Product Return at Ontario Cannabis Store

  • TheStreet.com

    Ontario Cannabis Store Says It Can't Trust C$2.9 Million of CannTrust's Product

    The cannabis wholesaler for the province of Ontario says that some of the products it has received are non-conforming to its supply agreement with CannTrust.

  • Benzinga

    The Week In Cannabis: CannTrust Continues Fall, Earnings A Mixed Bag, Clio Goes Green

    CannTrust Holdings Inc (NYSE: CTST) plummeted last week after issuing a press release acknowledging it hat failed a Health Canada inspection in July. Meanwhile, Greenlane Holdings, Inc. (NASDAQ: GNLN) posted a net sales increase of 30.6% in the second quarter of 2019, with sales totaling $53 million, and Canopy Growth Corp (NYSE: CGC) tumbled after reporting an adjusted EBITDA loss of CA$92 million ($69.1 million), up from CA$22.5 million ($16.8 million) last year. Commenting on Canopy’s results Patrick Sanders, assistant managing editor for investing at U.S. News & World Report, told Benzinga, “The markets overreacted when CGC reported losing more than $1 billion in the last quarter.

  • Reuters

    Pot producer CannTrust says over half of its stock frozen following rule violation

    Regulator Health Canada last month found unlicensed cultivation in five rooms at a CannTrust facility. Health Canada placed a hold on about 5,200 kilograms (11,500 pounds) of dried cannabis harvested in the rooms, while CannTrust also put a voluntary hold on a further 7,500 kg of cannabis equivalents. It warned that if Health Canada ordered the destruction of affected product, its second-quarter results would be materially impacted.

  • PR Newswire

    CannTrust Announces Receipt of Management Cease Trade Order and Provides Interim Update

    VAUGHAN, ON, Aug. 15, 2019 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) today provided an interim update on various matters. CannTrust announced that its application for a management cease trade order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") has been approved by the Ontario Securities Commission ("OSC"). The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company.

  • Cannabis ETF manager explains why the industry is falling short of expectations
    Yahoo Finance

    Cannabis ETF manager explains why the industry is falling short of expectations

    Canopy Growth joins a recent slate of cannabis companies that are disappointing investors. The manager of the first "pure-play" cannabis ETF on the NYSE explains why the industry is coming up short.

  • Cannabis Stocks’ Volatility Spike Tied to ETF’s Mega Trades
    Investopedia

    Cannabis Stocks’ Volatility Spike Tied to ETF’s Mega Trades

    The speculative nature of the cannabis industry has led to some wild swings in pot stocks, but an ETF's big trades are also adding to the volatility.

  • Benzinga

    Want To Avoid CannTrust's Fate? Adopt These 5 Good Governance Practices

    CannTrust Holdings Inc (NYSE: CTST) announced this week that Health Canada is investigating compliance violations at its manufacturing facility in Vaughan, Ontario. The company’s board of directors has initiated an internal investigation to determine the root cause of the problem and to initiate remediation steps. KPMG’s decision was driven by the information revealed from the company’s Special Committee’s investigation as well as information that caused the firing of CEO, Peter Aceto, at the end of July.