CANNABIS CORNER: CANNTRUST IS DONE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street.

We’ve been talking for weeks about consolidation as the road forward for the battered Big Cannabis group. This took a major step in that direction.

CannTrust Holdings Inc., once traded under the symbol CTST, has been under the shadow of a potential delisting since March 31. That order was finalized in Toronto on April 13.

CTST had been a zombie stock for months. Losing it actually gives most of the names left on my screen room to rally.

But there’s still a lot of work to do. Watching Aurora Cannabis Inc. (NYSE:ACB) this week makes me think we’ll need to see a much bigger implosion before shareholders in other companies will get satisfaction.

Consider: CTST was halted with the stock at a lowly $0.64, having been cut in half over the trailing year. ACB is only $0.69 now.

A lot of great companies trade at low price points for a good reason. But ACB relies on the public market for capital. If it doesn’t rally fast, it’s in trouble.

We won’t cheer, but we won’t cry either. I am eager for a little sunlight in this space. If it means the second-biggest grower giving its business to better-capitalized rivals, that’s progress.

Exclusive  Looking For Leadership

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

One of the biggest question marks around the COVID-19 economy revolves around where and how Americans will start shopping again. We know people are still spending at the supermarket. While restaurant activity dropped 23% in March, grocery sales surged 29% in order to fill household stockpiles. But beyond food, nearly every other retail category went over a cliff. Clothing sales are down 50% from last spring. Furniture, books, electronics, general merchandise, even auto parts...  all took

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE