TRST.TO - CannTrust Holdings Inc.

Toronto - Toronto Delayed Price. Currency in CAD
-0.0500 (-2.81%)
At close: 4:00PM EDT
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Previous Close1.7800
Bid1.7300 x 0
Ask1.7400 x 0
Day's Range1.6800 - 1.8400
52 Week Range1.1500 - 13.4800
Avg. Volume1,915,753
Market Cap244.248M
Beta (3Y Monthly)4.45
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 Est5.09
  • MarketWatch

    UPDATE: Cronos shares surge roughly 33% in after hours

    Shares of Cronos Group Inc. rampaged in the extended session Wednesday, gaining as much as 41.5% as of 6:22 p.m. Eastern time on heavy volume, before dropping to a 33% gain at 6:45 p.m. Eastern time. It was not immediately clear why the stock surged in the extended session but two block trades totaling roughly 1.2 million shares crossed at 5:09 p.m. Eastern time at a price of $8.40 a share. If Cronos shares hold on to the gains, the late Wednesday move will be the second largest in the company's history and the largest since the company began trading on the Nasdaq. Previously other cannabis companies' stocks, such as CannTrust Holdings Inc. have notched double-digit gains because an exchange traded fund has re-balanced its portfolio after significant changes to the market price. Cronos Group stock closed up roughly 1% to $8.40 during the regular session. The stock was up 14% in premarket trade Thursday.

  • Benzinga

    One Year Later: How Every Major Cannabis Stock Has Performed Since Canadian Legalization

    Oct. 17 marks one full year of legalized cannabis in Canada — and the road to this moment could have been smoother. “Canada’s rollout of legalization has been hampered by a number of things,” Alan Brochstein, author of 420 Investor, said this week on Benzinga’s PreMarket Prep show. “They should have opened up medical dispensaries first and gotten that distribution out there,” Brochstein said.

  • CannTrust Is Up after Falling below $1
    Market Realist

    CannTrust Is Up after Falling below $1

    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.

  • Cannabis Stocks in the Green: APHA, WEED, CTST, ACB
    Market Realist

    Cannabis Stocks in the Green: APHA, WEED, CTST, ACB

    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.


    Market Wrap: C$75 Million in Pot Destroyed by CannTrust, Uber Layoffs

    Uber announced that it is laying off 350 workers just four weeks after announcing the layoffs of 435 employees.

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

    Cannabis Roundup: HEXO, WEED, ACB, and CTST

    The broader US markets were relatively flat today. Weakness in the cannabis sector continued, with the ETFMG Alternative Harvest ETF down 0.4%.

  • Benzinga

    CannTrust Board Takes Next Steps To Gain Regulatory Approval

    CannTrust Holdings Inc (NYSE: CTST) shares rocketed higher by 16% on Monday after the company reported its next step in bringing its cannabis production business back into compliance following a September license suspension. CannTrust had its license suspended by Health Canada on Sept. 17 after the company was found to be growing cannabis in unlicensed rooms. CannTrust is in a race to get its production back up and running after Health Canada shut down its entire operation in September.

  • Reuters

    CannTrust to destroy C$77 million worth of plants, inventory to regain compliance

    Health Canada had frozen over half of CannTrust's stock of marijuana and the company had earlier estimated its inventory and assets impacted by regulatory issues to be about C$51 million. The Canadian health regulator canceled CannTrust's license to produce and sell cannabis in September, months after it found the company was illegally cultivating pot. The Ontario-based company said its plan to regain regulatory compliance includes measures to recover cannabis that was not authorized by CannTrust's license and improve its inventory tracking.

  • MarketWatch

    CannTrust to destroy C$12 million of plants, C$65 million of inventory as it works to regain licenses

    Canadian cannabis company CannTrust Holdings Inc. said Monday it is still working to attain the full reinstatement of licenses that were suspended after the company was found to be growing cannabis in unlicensed rooms. As part of a series of measures the company is planning to improve practices, it believes it necessary to destroy about C$12 million ($9.07 million) of biological assets and about $65 million worth of inventory that was not authorized by its licence. The material to be destroyed includes product that was returned by patients, distributors and retailers. "Given the status of its licenses, the company is unable to process the material being destroyed or sell it to other licensed producers," it said in a statement. "The destruction process will allow the Company to free up much needed capacity to both implement remediation measures and store material that has been grown and processed in accordance with the Company's license since April 5, 2019. " The company is planning to submit a plan of remediation to Health Canada on or before Oct. 21. Shares were halted for the news down 9% at a record low of 83 cents. The stock has fallen 83% in 2019, while the ETFMG Alternative Harvest ETF has fallen 27% and the S&P 500 has gained 18%.

  • PR Newswire

    CannTrust Advances its Plan Towards Regulatory Compliance

    VAUGHAN, ON, Oct. 14, 2019 /PRNewswire/ – 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.

  • Cannabis Scandal Radar: Is Tilray Next?
    Market Realist

    Cannabis Scandal Radar: Is Tilray Next?

    Scandals have engulfed the sector many times, especially for CannTrust, Curaleaf, and Hexo. Could Tilray be next on the cannabis scandal radar?


    CannTrust Destroys $77M in Inventory and Assets to Gain Regulatory Approval

    The company announces it will destroy about $12 million of biological assets and another $65 million in pot inventory that it wasn't authorized to produce.

  • What to Know Before Investing in the ETFMG Cannabis ETF

    What to Know Before Investing in the ETFMG Cannabis ETF

    In 2019, marijuana stocks have been on a roller coaster ride. Until mid-March, cannabis investors enjoyed an uptrend. And many marijuana stocks have surged 100%+ in just a few weeks.Source: Shutterstock But since April, many of them have lost considerable value, driven by the sector's general weakness and poor earnings results.Investors are now wondering which marijuana stocks to buy and hold for the-long term. If you are interested in buying marijuana shares, you may also want to take a closer look at the ETFMG Alternative Harvest ETF (NYSEARCA:MJ). The MJ ETF is a marijuana ETF that has about $1 billion of assets under management.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks to Buy for the Rest of 2019 Long-term investors should have realistic expectations about the cannabis market. They should also be ready for large daily stock price fluctuations.The marijuana stocks that make up the majority of the MJ ETF also tend to be very volatile around the time when their quarterly earnings are announced. Given the risk posed by the cannabis sector, no cannabis-oriented ETF is going to be completely safe. But MJ's diversification makes it safer than many alternatives. Cannabis Companies in the MJ ETFThe MJ ETF currently holds 38 stocks. About 70% of its assets are allocated to pot companies and growers. Many of the companies whose stock it owns are based in Canada.Among the major stocks in the MJ ETF are Aurora Cannabis (NYSE:ACB), Cronos Group (NASDAQ:CRON), Canopy Growth (NYSE:CGC), Tilray (NASDAQ:TLRY) and Green Organic Dutchman Holdings (OTCMKTS:TGODF). It also owns the shares of some tobacco stocks and fertilizer companies.A recent study by Lake Land College has concluded that Canadian "[c]annabis stocks on average possess higher level of risk when compared with growth and speculative stocks on the TSX."With the recent decline in the the price of individual marijuana stocks, many of them have come down to more attractive levels.But one fundamental point that investors need to keep in mind is that most cannabis producers are not profitable yet. Analysts value cannabis companies mostly based on their belief that these companies will be profitable in the future.But I'd bet that several marijuana stocks may not be around in several years because some of them have negative cash flows, poor business models, and intense competition.The MJ ETF can avoid some of the bad marijuana stocks. But the ETF will have difficulty outperforming several of its large holdings, such as Cronos Group, Aurora Cannabis and Canopy Growth. Nonetheless, the diversification of the MJ ETF limits its volatility and declines while retaining exposure to the potential gains of the cannabis market. Two Other Stocks to Note in the MJ ETFA wide range of products are made from cannabis, including CBD oils, edibles, cannabis-infused beverages, and concentrates used in vaping, creams, and lotions. Thus the industry includes companies that make, market, and distributing these products and their components.I'd like to highlight one stock, GW Pharmaceuticals (NASDAQ:GWPH), in the MJ ETF that is quite different than the other marijuana stocks. GW is MJ's largest holding, accounting for 7.91% of its assets.A 2018 report by the United Nations revealed that Britain is the biggest producer and exporter of legal cannabis in the world. In 2016, the UK produced 95 tonnes of marijuana and exported 2.1 tons.Virtually all of the U.K.'s cannabis exports are contained in one drug, Sativex, which is produced by UK-based GW Pharmaceuticals, a leading cannabinoid-focused biotech company.GW's Sativex is used to treat spasms in multiple sclerosis patients. Last year the company obtained U.S. regulatory approval of its CBD drug, Epidiolex, for the treatment of epilepsy.GW stock has gone from about $10 in 2013 to an all-time high of $196 in May 2019. Currently it is hovering around $110.MJ also owns shares of the companies that provide ancillary products and services to the cannabis companies. One such name is Scotts Miracle-Gro (NYSE:SMG), which is known for its fertilizer products. Where Is the MJ ETF Price Now?In the past two years, marijuana stocks have been choppy and highly speculative. Their valuations can and do change suddenly and drastically, both as a result of company news and developments in the industry.For most of 2019, cannabis stocks have struggled. And MJ ETF reflects their weakness.In 2019, the MJ ETF is down over 20%. After reaching an intraday low of $23.3 on Dec. 24, 2018, it rallied to a high of $39.25 on March 19. Its 52-week high remains at $44.29, reached on Oct. 16, 2018. Currently it is hovering around $18.70.Those investors who pay attention to charts should note that, due to the decline of its price since late March, MJ ETF has a not-so-pretty technical picture. In the long run, MJ needs to build a base again before a long-term, sustained rally can occur.MJ stock probably won't surpass the high it reached on March 19, 2019 in the near-term.And MJ may reach a new 52-week low,possibly around $18, very soon. In the coming weeks, I expect MJ to mostly trade between $22.5 and $17.5.However, in case of a broader market selloff, the fund could easily near $15. The Bottom Line on the MJ ETFMJ ETF offers exposure to Canadian cannabis producers and a number of biotech firms. Therefore, it may be appropriate for some long-term investors who are interested in the cannabis sector.It is important to note that unless the U.S. federal government legalizes marijuana, the worldwide cannabis market consists, for the most part, of Canada. And most of these cannabis companies cannot become profitable from the limited Canadian market alone. As a result, the high valuations of some marijuana stock are quite difficult to justify.Most Canada-based cannabis companies have high operating expenses. The continuous red ink at the bottom of their income statements is a major worry for the shareholders. If the international cannabis market does not grow as expected, then MJ ETF could drop further.Investors who buy MJ ETF in the near-term should hold the ETF for several years.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post What to Know Before Investing in the ETFMG Cannabis ETF appeared first on InvestorPlace.

  • PR Newswire

    CannTrust Provides Default Status Report

    VAUGHAN, ON, Oct. 10, 2019 /PRNewswire/ - 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.

  • 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.

  • Cannabis Roundup: KSHB, WEED, CTST, and CURA
    Market Realist

    Cannabis Roundup: KSHB, WEED, CTST, and CURA

    Today, President Trump announced that a US-China trade deal could happen earlier than expected. Equities were up, but cannabis stocks were mixed.

  • CannTrust Stock Hits an All Time Low: What’s Next?
    Market Realist

    CannTrust Stock Hits an All Time Low: What’s Next?

    CannTrust (CTST) (TRST) was one of the worst performers in the cannabis sector last week. The stock lost almost 19.6% in one week alone.

  • 4 Reasons Canopy Growth Stock Will Continue to Struggle

    4 Reasons Canopy Growth Stock Will Continue to Struggle

    Canopy Growth (NYSE:CGC) is a popular stock for cannabis investors due to the company's high valuation. But the company's growth story is much less compelling than it was a year ago. CGC stock is currently down 51% after a series of missteps.Source: Jarretera / I'll admit to being a skeptic when it comes to most of the cannabis companies that are currently on the market. And here are four reasons why I don't think the narrative will improve for CGC stock. CGC is still not profitableIn terms of valuation, Canopy Growth is considered the world's largest cannabis company, clocking in at yesterday's close at $8.8 billion. And thanks to a $4 billion equity investment from Constellation Brands (NYSE:STZ), the company has access to a considerable amount of cash. Yet CGC remains unprofitable, mostly because it continues to burn through money at such a rapid pace. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company has been on a spending spree for the better part of the last two years. Canopy Growth continues to move into new markets and construct new production facilities. There are advantages to this but it puts the company nowhere near profitability. Tenuous LeadershipIn July, the board publicly ousted CEO Bruce Linton after a wide earnings miss. Currently, CEO Mark Zekulin is leading the company but this is a temporary position and Zekulin plans to step down eventually. The board is currently looking for Linton's replacement. * 7 Triple-'F' Rated Stocks to Leave on the Shelf This tenuous leadership means CGC doesn't have a real visionary guiding the company. The lack of leadership could be a contributor to many of the company's recent challenges. Strict Governance in the U.S. and CanadaThe cannabis industry is dealing with strict regulations across the U.S. and Canada. Health Canada is the agency responsible for overseeing the cannabis industry in Canada. The agency currently has 800 sales and production licenses to review and it can take up to a year for a company to gain regulatory approval. The chart below illustrates what's happened in the first nine months of legal cannabis in Canada.Canadian academic Michael Armstrong's research (chart) showed that one reason legal sales haven't done better is a lack of retailers in some regions. British Columbia and Ontario were especially slow to open stores. Chalk that up to the licensing backlog.These regulatory issues are happening across the U.S. as well. Many states are slow to approve dispensary licenses. For instance, Missouri received more than 2,100 applications for dispensary licenses but so far, only 109 have been approved. Uncertainty Within the Cannabis IndustryThe ongoing media narrative is that cannabis stocks are the next real growth story. The industry should take off in the next decade, though these estimates vary depending on where you find them. According to Forbes, legal spending on cannabis should reach $57 billion by 2027. * 7 Momentum Stocks to Buy On the Dip But leading companies like Aurora Cannabis (NYSE:ACB), Tilray (NASDAQ:TLRY), and CannTrust Holdings (NYSE:CTST) have seen their shares plummet over the past six months. Most of these companies produce more cannabis than they can sell. And CannTrust had its cannabis licenses suspended by Health Canada after recent inspections of several of its production facilities. There's no doubt that the marijuana industry provides plenty of opportunities in the coming years. It just seems unlikely that the cannabis companies currently on the market, like CGC, will be the ones to take the industry to the next level.As of this writing, Jamie Johnson did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Worst Stocks in the S&P 500 in 2019 * 7 Reasons to Own Intuit Stock -- The Unsung Hero of Fintech * Apple and 4 Other Tech Stocks on the Move The post 4 Reasons Canopy Growth Stock Will Continue to Struggle appeared first on InvestorPlace.

  • Which Cannabis Stocks Have Lost More than 40% in 2019?
    Market Realist

    Which Cannabis Stocks Have Lost More than 40% in 2019?

    The cannabis industry has been on a rollercoaster ride this year. CannTrust, Tilray, and KushCo stocks have fallen more than 40% in 2019.

  • Benzinga

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

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