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Canadian cannabis company CannTrust becomes Phoena
The name change occurs after the Ontario-based company exited court-supervised proceedings last month
Note as of today's date I do not own any shares this came across a social feed and felt I would share the sunlight at the end of the tunnel news
https://www.thegrowthop.com/cannabis-business/canadian-cannabis-company-canntrust-becomes-phoena?utm_source=Facebook&utm_medium=postmedia_organic&utm_campaign=tgo_promo&fbclid=IwAR3adlPI_WxTTwaSyPCiggTRoUj_nfkyemEq3OdGpq7Q2Tfp6TZQWpBXo_c#Echobox=1651695901-4
Time line has been extended .. I just jumped onboard this Monday
What a total disaster this has been.
Link for the class action website. If you bought CannTrust from 6/1/2018 through 9/17/2019, you have until 3/16/2022 to submit a claim
https://canntrustsecuritiessettlement.ca/
Extremely quiet here while canntrust, step by step, seems to be moving in the right direction under guidance of new leadership.
Waiting. Watching. Aceto et. al. who were at fault for taking a thriving company and knowingly breaking the law should have no option of anymore delay.
Company and those who work to make a living should be allowed to continue without threat of lawbreakers.
Board of Directors should honor all stakeholders and shareholders who have supported the company through its darkest days. Restoration of its brand should be in more than just sales...
Wow, what's happening, any thoughts?
Agreed, imo trade smart !
Agree, again taking some profits. Currently it’s a bit oversold by speculations, but long run will show
Good day for CNTTQ $$$$$$$
Imo
Gonna be big, 4-5$ after restructuring ??
Restructuring will take place, question is how much money is left. Most likely new stock will be put to market leading to dilution. We’re not there yet. Current stock price is based on manipulation of 2-3 big players. Still pocket money with less than 500k$ trade per day. Be careful is all I can say
CNTTQ MOVING UP $$$$$$
imo. 1.00+++ soon
Looks like lot of manipulation ongoing by 1-2 persons.... Mmmm
CNTTQ and others will be HOT HOT this year due to the cannabis industries positive outlook imo GLTA
Finally. Let’s hope they make some money now...
CannTrust Returns to the Canadian Marketplace
https://www.newswire.ca/news-releases/canntrust-returns-to-the-canadian-marketplace-842128510.html
Nice pop!
GLTA
CannTrust Postpones Annual General Meeting Date
https://www.stocktitan.net/news/CTST/cann-trust-postpones-annual-general-meeting-wbpbgejj5zv6.html
CannTrust Applies to Extend Time for Annual General Meeting
https://www.stocktitan.net/news/CTST/cann-trust-applies-to-extend-time-for-annual-general-3ttpq22vdntn.html
Yeah, silver lining, but at what cost?
Canntrust has late stage advantage.. A lot of companies blew their loads very early and are treading water.. The delay for CTST looks like a silver lining.. I assume that they learned from what the first movers unfortunate mistakes were..
CTST is able to use the knowledge of their competitors failures, the knowledge of the industry and they can focus on what is proven.
CannTrust Licenses Reinstated for Vaughan Manufacturing Facility
https://finance.yahoo.com/news/canntrust-licenses-reinstated-vaughan-manufacturing-111500563.html
Sure bud
They have been growing mothers since before April 9th.
First harvest of clones will be in 9 weeks
By then their other facility will be licensed and it can go out the door
Respectfully;
It certainly wasn’t priced in at the 2-3 cent level nor yesterday’s mid .20’s level.
Timing is always paramount—GL!
The news is already priced in, look at CGC, Canadian mkt is dead.
CTST will take min 8 months to make any revenue.
They are burning @10mil/month. Have no choice but to sell their facilities or do lease buy back.
Thanks.
That’s the news I’ve been waiting for and had no doubt would come.
CNTTQ—GLTU/A!
CannTrust Receives Notice from Health Canada of License Reinstatement for its Fenwick Facility
https://finance.yahoo.com/news/canntrust-receives-notice-health-canada-111500410.html
Father Time will share EOD PPS Friday.
Personally, respectfully—There will be no CNTTQ 2 cents PPS available for purchase by the end of this week.
Profit taking is a good thing to see
I make no recommendations
Timing is always paramount
GL!
Been here from from $0.10 and sold at $0.50. Back in at $0.24 & $0.31 with free money.
Thank you very much for your concern.
Recovery is short termed, you will see it dips back in 20's by end of day.
and back to 0.02 by end of week.
They are loosing 10-15 mil per month looking at the filings from jan 2020 to march 2020. By the time they get any revenue, they would have lost another 60-80 mil in next 5-6 months.
With the pending lawsuits, this will go back to 0.02's in by end of this week.
It’s good to see the resilience.
Nice to see people banking as well.
CNTTQ—GLTA!
Lucky i bailed yesterday. Back in at $0.24 & $0.31
Just like I couldn't get my order to fill on the way up. It also would not fill this morning trying to sell.
Got in at .42 yesterday got out at .60 today. RIP
$CNTTQ I see you baby...that's the problem :(
Been watching, not participating on this massive move north.
Congrats to all that got in low and have been surfing this wave to some serious profits (*applause!).
May take a nibble today. Scared to take a bigger bite after the recent gains.
It was truly a once in a lifetime opportunity.
I had the chance to buy in the .20’s but did not.
It was too big to fail and commons came out of BK roughly 70% intact (rare).
I believe CNTTQ will come out similarly after reorganization and will be/is ripe for a bigger player takeover/buyout.
GL!
Yeah it was AMR before the filing
I was on a hiatus from the market but I waned it because you knew the flight attendants were gonna take the lower wages for equity
I am
Pretty jealous
But I’m in for this one
AAMRQ—Now AAL.
It now sits at $10+.
CNTTQ still has hoops to jump through but the drop to 2 cents was ridiculous and an opportunity was presented.
Wish I had bought 7 figures of shares instead of 6.
I also held before delisting on similar faith and hopium.
Timing and faith (along with the requisite shots of hopium) is always paramount.
GL!
Was that AMR the OG AAL?
Got it. Thank you and good luck ;)
Respectfully;
I have no real target.
I buy and sell on a gut feeling.
What I do know is that work and upgrades are still ongoing at their facility.
This was way oversold on the reorganization/NYSE delisting news.
CNTTQ—GLTU/A!
Damn I have never been in a ticker with 7 days green in a row. What’s your target if I may ask?
Avg down a bit bit still so far to go! Reinstatement needed badly!
Quiet please!
This is still far off the radar of most.
My best Q play ever was almost a 200 bagger
My first buy then was sub .40 and it ran to $70+.
Q plays have been very rewarding many.
CNTTQ has now gone from 2 cents to 55 cents+.
As I said at the time of reorganization;
There is plenty going on behind the scenes.
GLTU/A
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