|Bid||7.73 x 0|
|Ask||7.74 x 0|
|Day's Range||7.67 - 7.94|
|52 Week Range||5.94 - 15.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.79|
HEXO's Target Price Gets an Upgrade in May(Continued from Prior Part)HEXO’s valuationHEXO closed at 8.9 Canadian dollars on May 23, far from 7.8 Canadian dollars at the beginning of the year. With a return of more than 80%, the stock has received
Cannabis Stocks Fell Due to Trade FearsCannabis stocksOn May 23, Cannabis stocks fell due to renewed trade concerns. The benchmark ETFMG Alternative Harvest ETF (MJ) was trading 2.3% lower in the first half of the day.Stocks in the redAmong the
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)Forward EV-to-EBITDAEBITDA (earnings before interest, tax, depreciation, and amortization), a measure of core earnings for a company, has been in the red for most cannabis
Why Canopy Growth Is on the Rise Today(Continued from Prior Part)Cannabis sectorThe cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half. During the first half of the
How Do Cannabis Stocks' Valuations Stack Up in May?(Continued from Prior Part)Investing in the cannabis sectorThe cannabis sector has had its ups and downs in the past month. The trend has mostly been flat to downwards-trending for most of the
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.
Markets Rebound but Cannabis Stock Performance Is Mixed(Continued from Prior Part)Sector mixedThe cannabis sector is largely mixed today. Whereas Canopy Growth (WEED), CannTrust, Aphria, and a few others have fallen, some stocks have risen.Sign
VAUGHAN, ON , May 16, 2019 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX: TRST, NYSE: CTST) strengthened its senior leadership team with the appointment of Dr. Len Walt , M.D., MBA, to the newly created position of Chief Medical Officer ("CMO"). "Adding Dr. Walt to our senior leadership team supports our commitment to developing a world-class global medical function that will drive our international growth and partnership strategy," said Peter Aceto , Chief Executive Officer, CannTrust.
A mixed set of results from some the cannabis sector’s biggest names is providing further clues on the direction of the nascent industry.
Marijuana stocks jumped as strong CannTrust earnings raised hopes for Aurora Cannabis and Tilray earnings due after the close.
VAUGHAN, ON, May 14, 2019 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX:TRST, NYSE:CTST) announced today that the underwriters of its previously-announced underwritten public offering of 36,363,636 common shares at a price to the public of US$5.50 per share have exercised in full their option to purchase 4,636,363 and 818,182 additional common shares, respectively, from the Company and a certain selling shareholder, at the public offering price, less the underwriting discount, resulting in total gross proceeds to the Company of approximately U.S.$25.5 million in connection with the option to purchase and US$195.5 million in the aggregate from the offering, before deducting underwriting discounts and commissions and estimated offering expenses. The Company intends to use the net proceeds of the offering for general corporate purposes, including cultivation and facility expansion, expanded outdoor growing, international expansion, enhanced extraction capacity, upgrades for GMP Certification and biosynthesis development.
Fair-value adjustments lift CannTrust to a surprise first-quarter profit, but capacity expansion and eventual derivative production are in full focus.
on Tuesday reported first-quarter earnings that beat analysts' forecasts amid higher production and distribution of its medical and recreational cannabis products. Shares of CannTrust gained more than 3% in early trading on Tuesday, rising to $5.93 on the New York Stock Exchange.
VAUGHAN, ON , May 14, 2019 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company", TSX:TRST, NYSE:CTST) today released its financial results for the first quarter ended March 31, 2019 . This is a 96% increase in production over the prior quarter and reflects the impact of the investments made into our facilities, as well as process improvements to increase throughput," said Peter Aceto , Chief Executive Officer.