|Bid||3.5000 x 0|
|Ask||3.5100 x 0|
|Day's Range||3.4600 - 3.5900|
|52 Week Range||3.1700 - 15.5000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.72|
Cannabis shares were mostly lower Monday, as investors braced for a Senate hearing Tuesday on cannabis and banking, an obstacle for many companies in the new sector as long as cannabis is banned at the federal level.
VAUGHAN, ON, July 22, 2019 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) announces that as a result of months of discussions, CannTrust has agreed to waive the exclusivity provision under the Brokerage Agreement between CannTrust and Kindred Partners Inc. It is expected that this revised arrangement will over time allow CannTrust to reduce the expenditures incurred by CannTrust under the Brokerage Agreement. Founded by pharmacists, CannTrust brings more than 40 years of pharmaceutical and healthcare experience to the medical cannabis industry and serves medical patients with its dried, extract and capsule products.
Health Canada is actively exploring what kind of enforceable action is appropriate for CannTrust, which was producing thousands of kilograms of cannabis in unlicensed rooms, BNN Bloomberg's David George-Cosh said Monday. Analysts don't have any faith left in CannTrust, George-Cosh said, adding that one research firm suspended its coverage of CannTrust.
The company forms a special committee to investigate the compliance report that shut down a greenhouse facility.
The U.S.-listed shares of CannTrust Holdings Inc. rose 2.9% in premarket trading Monday, after the Canada-based cannabis company said the investigation into a non-compliance report from Health Canada by the special committee formed by the board of directors is "ongoing." The company said it filed a response to Health Canada on July 17, and is awaiting a response. CannTrust said the expected impact of the non-compliance matters on financial results is "unknown" at this time. "Although we want to move as quickly as possible, we are mindful of the critical need to be thorough," said Robert Marcovitch, the special committee's chairman. "We are determined to identify the root causes for all non-compliance issues, to take appropriate actions to address and remediate any issues with the company's compliance culture and to restore trust in the company." CannTrust's stock has plunged 62.3% over the past three months through Friday, while the AdvisorShares Pure Cannabis ETF has lost 15.5% and the S&P 500 has gained 2.4%.
VAUGHAN, ON, July 22, 2019 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) today provided an interim update on the investigation being undertaken by a special committee (the "Special Committee") of its board of directors (the "Board of Directors"). As announced by the Company on July 11, 2019, the Special Committee was appointed by the Board of Directors to investigate a compliance report from Health Canada notifying the Company that its greenhouse facility in Pelham, Ontario is non-compliant with certain regulations.
NEW YORK, July 17, 2019 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District.
Earnings reports, M&A deal updates and a potential update regarding CannTrust Holdings Inc (NYSE: CTST ) -- Here's what scheduled to take place this week in the cannabis industry. Organigram, Canopy Rivers ...
Beyoncé’s husband Jay-Z entered the cannabis industry this week, announcing he’d be joining the California brand Caliva as chief brand strategist. “Jay-Z entering the cannabis space reaffirms that effective brands will drive the future of the cannabis industry. On the policy front, Hawaii decriminalized the possession of small amounts of marijuana, and the U.S. Congress held a landmark hearing regarding cannabis legalization and the need to reform.
CannTrust messed up big time by violating Health Canada regulations. What should investors do in the wake of the scandal?