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Cannabis Summary for Dec. 5, 2019

2019-12-05 21:29 ET - Market Summary

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by Stockwatch Business Reporter

The Canadian Securities Exchange Composite Index dropped 3.89 points to 382 Thursday. Canntrust Holdings Inc. (TRST) inched up a cent to $1.03 on 792,900 shares. The company expects to file its second and third quarter results by March 25, 2020. If it does not meet that deadline, the Toronto Stock Exchange has told Canntrust that its shares will be delisted. At the start of July (the start of the third quarter) the company was caught illegally growing marijuana at its Pelham, Ont., facility. Two months after Health Canada caught Canntrust, the federal regulator suspended Canntrust's cultivation and sales licences. Since the illegal growing was uncovered, Canntrust's stock has fallen from $6.46 to today's closing price of $1.03.

Agraflora Organics International Inc. (AGRA) slipped half a cent to 16.5 cents on 4.16 million shares after the company agreed to acquire Sanna Health Corp. for $23-million. Sanna Health is a Toronto-based cannabis company with licences for cultivation, processing and medical sales. Agraflora will pay for the acquisition with shares that will dilute shareholders by about 8 per cent.

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canntrust, so auditors off the hook, past management off the hook, investors and traders got scammed and not 1 class action lawsuit announced? w t f? ho hum

Posted by oh at 2019-12-09 07:52