Trading of shares of CannTrust has been halted at both the Toronto Stock Exchange as well as the New York Stock Exchange and it is expected that it will be delisted soon from both exchanges as a result of the filing for creditor protection.
Full Answer
What is the ticker symbol for canntrust?
CannTrust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTST." What is CannTrust's stock price today? One share of CTST stock can currently be purchased for approximately C$0.64. How much money does CannTrust make?
Is canntrust stock being delisted?
Trading of shares of CannTrust has been halted at both the Toronto Stock Exchange as well as the New York Stock Exchange and it is expected that it will be delisted soon from both exchanges as a result of the filing for creditor protection.
What happened to canntrust?
Last July, an audit from Health Canada revealed that CannTrust had been growing cannabis in unlicensed facilities and its employees had purposely given false information to Health Canada regulators. The company was then forced to cease all sales while it was being investigated by Health Canada.
What is the canntrust Holdings Inc?
CannTrust Holdings Inc. produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc. was incorporated in 2015 and is headquartered in Vaughan, Canada.
What will happen to CannTrust shareholders?
Amsterdam-based holding company Marshall Fields International BV and a group of individual investors will acquire 90 per cent of CannTrust Equity. CannTrust Equity is a new subsidiary of CannTrust Holdings, and holds the company's cannabis licences through its operating division, CannTrust Inc.
Why was CannTrust shut down?
The company's demise began in July, 2019, when regulators suspended its licences after discovering CannTrust had grown thousands of kilograms of cannabis illegally at its facility in Ontario's Niagara region.
Is CannTrust a good investment?
If you are looking for stocks with good return, CannTrust Holdings, Inc. can be a profitable investment option. CannTrust Holdings, Inc. quote is equal to 9.600 USD at 2022-06-15.
Where can you buy CannTrust stock?
You can purchase shares of CannTrust Holdings (OTCEM: CNTTQ) through any online brokerage.
Is CannTrust still in business?
- Beleaguered cannabis company CannTrust Equity Inc. has been renamed Phoena Holdings Inc.
How do I join the CannTrust lawsuit?
TO BE ELIGIBLE TO RECEIVE A PAYMENT PURSUANT TO THE SETTLEMENTS OF THE ACTIONS AND ALL OTHER SECURITIES CLAIMS AGAINST CANNTRUST AND RELATED CLAIMS AGAINST OTHERS, YOU MUST SUBMIT YOUR COMPLETED AND SIGNED CLAIM FORM TO THE CLAIMS ADMINISTRATOR, NO LATER THAN 11:59 PM (EASTERN TIME) ON MARCH 16, 2022.
Can CannTrust recover?
CannTrust has made progress on its objective to fully restore its operations as a Canadian recreational and medical cannabis producer. In late 2020, CannTrust relaunched two recreational cannabis brands in the Canadian market, liiv and SYNR. G, and introduced a new medical cannabis brand, estora medical in early 2021.
Will Cnttq stock go up?
CannTrust Holdings Inc (Over The Counter Market:CNTTQ) The 1 analysts offering 12-month price forecasts for CannTrust Holdings Inc have a median target of 9.19, with a high estimate of 9.19 and a low estimate of 9.19. The median estimate represents a +83,405.97% increase from the last price of 0.01.
Should I buy Cnttq stock?
The Canntrust Holdings stock holds several negative signals and despite the positive trend, we believe Canntrust Holdings will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Is there a class action lawsuit against CannTrust?
In their class-action lawsuit, the plaintiff alleged the share price of CannTrust declined after July 8, 2019, when the company received a compliance report from Health Canada that explained how one greenhouse facility in Ontario was non-compliant with regulations.
How do I buy Ctst stock?
How To Buy CTSTFind a reliable broker. Don't worry, it's easy and free to open a brokerage account. ... Fund your new account. You'll need to transfer money into your new brokerage account before you can buy the stock. ... Search for CTST on the brokerage app or site. ... Buy the stock.
Who are CannTrust's key executives?
CannTrust's management team includes the following people: Mr. Eric Paul , Co-Founder & Chairman (Age 78) Mr. Brad Rogers , Pres (Age 49) Mr....
Who are some of CannTrust's key competitors?
Some companies that are related to CannTrust include Cogent Biosciences (COGT) , Protagonist Therapeutics (PTGX) , Centessa Pharmaceuticals (CNT...
What other stocks do shareholders of CannTrust own?
Based on aggregate information from My MarketBeat watchlists, some companies that other CannTrust investors own include Aurora Cannabis (ACB) ,...
What is CannTrust's stock symbol?
CannTrust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTST."
What is CannTrust's stock price today?
One share of CTST stock can currently be purchased for approximately C$0.64.
How much money does CannTrust make?
CannTrust (NYSE:CTST) has a market capitalization of C$90.27 million and generates C$35.22 million in revenue each year.
How many employees does CannTrust have?
CannTrust employs 576 workers across the globe.
What is CannTrust's official website?
The official website for CannTrust is www.canntrust.ca .
How can I contact CannTrust?
CannTrust's mailing address is 3280 LANGSTAFF ROAD UNIT 1, VAUGHAN A6, L4K 4Z8 . The company can be reached via phone at 64-7872-2300 or via ema...
Who are some of CannTrust's key competitors?
Some companies that are related to CannTrust include Sernova (SEOVF), KalVista Pharmaceuticals (KALV), Greenwich LifeSciences (GLSI), Cogent Biosciences (COGT), Khosla Ventures Acquisition (KVSA), Capstar Special Purpose Acquisition (CPSR), XBiotech (XBIT), Zomedica (ZOM), Werewolf Therapeutics (HOWL), Radius Health (RDUS), Sierra Oncology (SRRA), Vaccitech (VACC), Nabriva Therapeutics (NBRV), Adagene (ADAG) and Pyxis Oncology (PYXS). View all of CTST's competitors..
What other stocks do shareholders of CannTrust own?
Based on aggregate information from My MarketBeat watchlists, some companies that other CannTrust investors own include Aurora Cannabis (ACB), (CGC), (APHA), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACB), OrganiGram (OGI), (HEXO), Nokia (NOK) and Aphria (APHA).
What is CannTrust's stock symbol?
CannTrust trades on the New York Stock Exchange (NYSE) under the ticker symbol "CTST."
What is CannTrust's stock price today?
One share of CTST stock can currently be purchased for approximately C$0.64.
How much money does CannTrust make?
CannTrust has a market capitalization of C$90.27 million and generates C$35.22 million in revenue each year.
Where are CannTrust's headquarters?
CannTrust is headquartered at 3280 LANGSTAFF ROAD UNIT 1, VAUGHAN A6, L4K 4Z8.
How can I contact CannTrust?
CannTrust's mailing address is 3280 LANGSTAFF ROAD UNIT 1, VAUGHAN A6, L4K 4Z8. The company can be reached via phone at 64-7872-2300 or via email at [email protected].
What happened
Shares of CannTrust Holdings (NYSE: CTST) were down 10.6% as of 11:14 a.m. EDT on Thursday. The Canadian marijuana producer announced that the pricing of its stock offering would be nearly 15% below the stock's closing price on Wednesday.
So what
There's both good news and bad news with CannTrust's stock offering. The good news is that the company will raise additional capital needed to fund its operations and expansion efforts. However, the bad news includes two components.
Now what
Investors will have to wait and see how CannTrust performs as the Canadian adult-use recreational marijuana market matures and expands. That performance will be key in the company's path to consistent profitability.
Signals & Forecast
Mostly positive signals in the chart today. The Canntrust Holdings stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
Support, Risk & Stop-loss
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
Is Canntrust Holdings stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
About Canntrust Holdings
CannTrust Holdings Inc. produces and distributes medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc. was incorporated in 2015 and is based in Vaughan, Canada.... Read more
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Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
Bottom Line
Canntrust has officially called it quits on its fight to return to the markets as a legal cannabis grower in its current form.
Details of the Insolvency Filing
CannTrust Holdings Inc. (TSE: TRST, NYSE: CTST) announced that it has obtained an order from the Ontario Superior Court of Justice granting protection under the Companies’ Creditors Arrangement Act (CCAA).
Troubles At CannTrust Began Way Back
CannTrust has been in financial limbo for a long time, long before the Coronavirus outbreak caused our current financial crisis.
