What We Learned From the CannTrust (TSX:TRST) Scandal

While cannabis stocks have not performed well since early April, the month of July was especially brutal for the sector. There is no doubt that the drama surrounding CannTrust Holdings (TSX:TRST)(NYSE:CRST) had a lot to do with this catastrophic performance. However, there may be a silver lining — or at least an important lesson to glean — from this scandal,…

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Why CannTrust (TSX:TRST) Stock Declined Over 4% Yesterday

It seems there is no respite for CannTrust (TSX:TRST)(NYSE:CTST) investors. CannTrust stock was down 4.1% yesterday after the company announced that products worth $2.9 million were returned by the Ontario Cannabis Store (OCS). The OCS, which is in charge of Canada’s wholesale to retail distribution, deemed the products to be “non-conforming.” This is the latest drawback for CannTrust and its…

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CannTrust Holdings (TSX:TRST): How Low Could the Stock Price Go?

CannTrust Holdings (TSX:TRST)(NYSE:CTST) is the latest marijuana stock to be hit by a major scandal. Investors who are following the story are wondering if they should take a contrarian position in the shares or avoid the stock altogether. Background CannTrust is the target of a Health Canada investigation that came about as the apparent result of a tip from a…

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Investing in Marijuana Stocks? Here Are 5 Things You Need to Know

Marijuana stocks took a huge hit this past Wednesday, as the Horizons Medical Marijuana Life Sciences ETF (which tracks the sector) fell 5.87% in a single day. The day was a bad one for the TSX and for stocks worldwide, but weed stocks were hit worse than most: the TSX fell just 1.86% on the same date. Between the CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST)…

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3 Cheap Pot Stocks to Buy Under $2

Cannabis stocks have taken a beating in recent weeks. The lack of profitability in the cannabis sector is making investors impatient. Regulatory issues at CannTrust Holdings is another factor that has damaged the industry’s credibility. Does this mean that you should stay completely away from the cannabis sector? If you don’t like to take risks, you should probably stay away…

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1 Up-and-Coming Cannabis Stock to Consider

Most cannabis stocks started the year on a high note, but most have encountered some difficult times over the last few months. Various things have contributed to this lackluster collective performance. First, global equity markets slowed down during the second quarter of the year. Second, several scandals have negatively affected the cannabis industry specifically. One of these was the drama…

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2 Cheap Stocks to Avoid Today

Contrarian investors often buy troubled stocks on the hopes that a strong recovery might be just around the corner. The strategy can certainly deliver big gains, especially when the companies have reliable revenue streams and generate adequate free cash flow to cover dividends. However, some cheap stocks are punished for a reason, and while short-term spikes on rumours or news…

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The CannTrust (TSX:TRST) Scandal Has Now Gotten Even Worse

CannTrust Holdings Inc (TSX:TRST)(NYSE:CTST) has been facing no shortage of issues lately, and things have gotten even worse for the company. On Monday, we learned in another update from the cannabis company that it had been notified that it was once again non-compliant, this time at its Vaughan location. CannTrust has already run into issues with its Pelham facility and is…

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This Cannabis Stock Gained Over 40% on Friday

Shares of leading cannabis company CannTrust (TSX:TRST)(NYSE:CTST) rose 40.8% on Friday. The stock is currently trading at $4.21 per share as of writing. CannTrust has taken investors on a roller-coaster ride. Company shares first declined close to 80% from $13.45 in March 2019 to $2.99 on August 7, 2019. It fell over 50% in July 2019 and has returned -57%…

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Why Did CannTrust (TSX:TRST) Soar 40.8% on Friday?

Friday was an interesting day for CannTrust Holdings (TSX:TRST)(NYSE:CTST), to say the least. Initially, the stock was down as a result of a press release that said its auditors, KPMG, were pulling their most recent reports in light of the scandal surrounding the company and after CannTrust itself cautioned against relying on the most recent financials, including the year-end results. It’s…

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