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I hear your arguments and they’re valid, although the situation is a lot more difficult than Aphria or the others. We shall see!
I’ll be honest with you, the interim CEO isn’t really giving me any feeling of stability. He has no experience in this industry and he seems to be slow to respond.
He’s missing a lot of marks of firms that would handle this situation:
A) launch a partnership program with another LP to ensure current customers needs are sustained and to mitigate any hemorrhaging of a revenue base once the ability to grow resumes
B) reissue statements and conduct a PR campaign to push off hostile takeovers, acquisition news (if I was serious about actually making a rebound and not just liquidating)
C) make the special committee results public and allow shareholders and customers access to the findings for full transparency
D) provide a proper roadmap to resuming proper operations (I actually think this is in the works, I heard some things about the plan)
E) better explanation of loans and capital spending at this juncture. What’s happening with facility retrofits/fixed, staff layoffs short and long term etc.
The news trickling out isn’t enough to convince me that any of the above is being handled properly. If they were the SP would stabilize instead of bouncing (a result of pure short/pump manipulation).
The interim CEO seriously needs to get his sh!t together or he’ll miss his window of opportunity.
Again just my opinion. Time is of the essence.
Same story on CBC for you fakenews people :-p https://www.cbc.ca/news/business/canntrust-health-canada-1.5243670
I’ve heard the same rumour. The mills working overtime rn
CannTrust Provides Interim Update: https://mjobserver.com/investments/stocks/canntrust-provides-interim-update/amp/
Lolol
https://www.morningstar.com/news/marketwatch/20190809491/canntrust-stock-explodes-30-during-last-few-minutes-of-trading
Yup just saw that and confirmed here.
I actually think this is a takeover. The numbers are pumping for no other reason....... I could be wrong but that’s what my guts telling me.
...? What move are you referring to?
Shares up 15-30% rn. Any ideas what’s going on rn?
I thought that’s the point of a hostile bid. Management doesn’t have a say.
In regards to suppliers and financiers, I’d imagine the buyer has to appease them to a certain degree or risk backlash.
However, if assets were acquired and sold at fair market value, then the lender likely can’t say much. Hoping an expert on this topic can chime in.
In essence, all this chatter isn’t sounding very positive.
But this is what I’ve been arguing.
This doesn’t seem like just a dent. It’s almost as if the dent indicates that the whole chassis has been effected, this leaves others to believe the car isn’t worth what it looks. In a market where perception is everything, the worst thing you can do is kill your rep.
The vultures are circling and waiting to see how damaged the financial situation is especially after regulatory fines. They could (not saying definitely) start picking away at the carcass right as the SP drops.
If I was Aphria with millions in the bank from a recent raise I’d buy majority and vote in favour of acquisition. If the SP drops due to regulatory fines in excess, could be a really cheap purchase :-/
You don’t get a choice in a hostile takeover :-p
A bit further clarity on the CEOs interview this article talks about the company hiring an advisor to explore sale as an option:
https://ca.finance.yahoo.com/news/canntrust-hires-adviser-explore-sale-141517824.html
So to correct a previous comment, ceo claims all options are being explored. I suppose they’re preparing for any event that HC throws at them.
Robert Markovitch (interim CEO) just had he interview. He apparently specializes in bringing businesses back although doesn’t seem to have experience in pot. He’s working with HC to get compliance back in order. Also doesn’t plan on selling the company or assets at this time.
Shareholders would appreciate the effort. You likely see a small pop today of about 10%. That’d be my guess.
Interim CEO is going to be on BNN this morning. Tune in!
There 200+ licensed producers in Canada now. The loss of TRST could actually be beneficial to the growth of other LPs with established programs.
So unfortunately I wouldn’t say this is a strong argument.
I appreciate the analogy a lot, however you’re thinking of this rationally and I’m not sure if that’s a good idea. Whatever HC does it will be primarily for optics and setting precedence. This is a very new regulatory structure and the government cannot afford looking weak.
On another note as of today it seems the general consensus amongst pundits is a severe and excruciating fine will be more likely than a revoke. The “revoke” campus is settling down quite a bit. However if more dirt comes out it’ll rejuvenate that whole conversation.
Either way HC has 8 weeks to return their reports. So we got what...5-6 more weeks for them to complete their findings.
My governmental policy knowledge is limited but if I were to wager a guess, the HC doesn’t have the authority to directly target individuals on criminal grounds. They’d have to prove a level of fraud or tangible public harm in order to be indicted by a court with HC attorneys prosecuting.
I’ve never heard of that happening before. I bet pharma has way more case law on this subject.
The more likely cases are revoking, fining or the white knight scenario Bloomberg hinted at, which is the safest bet from their perspective.
*thumbs up* the big thing is hearing back from HC. Didn’t they say a 10-11 day investigation?
What positive news are you expecting? Or is that just being generally hopeful?
Thanks for the compliment. You’re too kind.
Respect to you then. We all have our interests and motivations. Those of us who stay up to date across the market benefit most. As always...good luck!
It’s in the spirit of sharing knowledge and also creating debate that could potentially change a perspective. Whenever you post something the intention is that someone will fire back with intuitive insights that debunk or support it.
Regardless of if you have money in the game it’s a valid way of determining the trajectory of a stock and of a potential reversal of fortune. Sometimes you touch a nerve and piss people off and start a word war.
Personally, I tend to forget that when people have skin in the game they get emotional. So trying to be more careful with my opinion as to not trigger exasperations.
I have no interest in investing in TRST at this time. The volatility for a short or buy in is too high.
I see better opportunities in OGI, CBTWF and other LPs I’m targeting to benefit from TRST unfortunate situation.
I’m however monitoring this situation for signs of life or a change of fortune for TRST. Also am monitoring case actions. I may participate in them to claim some capital back.
https://www.bnnbloomberg.ca/canntrust-s-big-mess-could-become-election-issue-linton-1.1293133
“... at least two Canadian cannabis producers had been approached by bankers to gauge interest in acquiring CannTrust, while another reached out to Health Canada to inquire if the federal regulator would be amenable to a white knight scenario, according to multiple sources directly familiar with the matter.”
“Linton said he expects CannTrust to face significant penalties, and that the company’s licences to sell and process cannabis will likely be “parked” for a year until it becomes compliant with regulations again.”
I think the parking outcome is a highly likely option. The white knight approach isn’t even an option I considered but thinking about, if HC was for it sounds like a highly likely option.
Side note MT Newswire released that Canaccord downgraded the SP to about 2.50. I’m trying to link the article but it’s private access. If someone else has access and can link or screenshot, I’d appreciate it.
Licensing cost? You mean work for government bureaucrats? Lol yah that’s not an issue. In the public sector just throw more money at the problem.
I think that HC is going to be forced to something more drastic. It took them 6 months to revoke Agrima and they looked soft given the timing. These situations keep growing in numbers and damage the governments reputation and the whole legalisation program — they need to draw a line in the sand. This is also the opinion of many reputable analysts watching the space.
The argument about employment is weak imho. The whole sector is hiring rapidly so moving to new firms isn’t an issue. As for the patient roster I suspect they’ve lost a significant amount. We won’t know until the next quarterly. But it’ll paint a better picture. A quarter to half drop in patients will blow...I’d have to look this up...about 2 years of onboarding efforts.
HC knows employers and patients have options. This will come down to optics. Will they be soft and tolerant or strict. There’s not much middle grow for movement especially with this SO public.
I’ll also add that their grow masters and grow team in general are also linked to the scandal. If they’re let go there’s goes a good chunk of TRST internal capabilities. Wondering how that will effect regulatory acceptance and the quality of their product. This is a big question.
Lol. Charlatan. Nice words. I’ll make you a deal I’ll only post real verifiable news. Let’s see your reactions then?
Cool?
I like a lot of good stocks. TWEED made me phenomenal returns, yes. My positions in it are much less these days as the bounces we saw last year are far less frequent.
I remember you on the CGC boards, hi! If you look back through my post history I’ve rarely held a short position in my investing career.
As for proving value at $2. I’ve admitted that anything could happen, it’s an enormous risk. Every major analyst is downgrading the stock to 2.5-5. The only arguments I’ve been making are that: a license revocation could be likely given the regulatory climate and that estimates of $6-8 bounces are highly unlikely.
If you have a couple sheckles you can do away with...jump into TRST. For anyone with far less risk tolerance, stay away from this. If you invested at >5 and are still in hoping for a rebound...I’m sincerely hoping the best for you.
Sure w/e you say. You’re there only one calling people things on this board.
Good luck!
Naw I’m going nowhere. I think you can silence my posts though. I encourage you to!
Lies? I haven’t lied nor do I have an incentive to lie, sir. I don’t even understand your argument...edibles? What are you talking about? Lolol
You’re trying to pump a stock that is in free fall. People are calling a $6 and even $8 rebound. That’s completely irrational and terrible advice. This is NOT a turn around jump in and make crazy money story.
I’ve watched the Aphria, Agrima and Aurora scandals in the past and this TRST situation is far more grave. Some people will appreciate this perspective. Others like you will take offence. Comes with the nature of open forums.
I do wish you luck.
I lost money (not a huge amount but enough) on TRST due to criminality by a company that’s management deceived the public. This happened and is undeniable. As someone heavily invested in Canadian cannabis I have a vested interest in staying up to speed with the latest news and varying opinions.
It’s a hobby and an interest. If someone voices a viable opinion I may even change mine! However far too many of you are pumping and banking on an irrational rebound. I’m calling out that irrationalism for what it is.
If you can’t handle open forums with varying opinion then don’t read them. This isn’t a forum for ONLY pumping a stock. If you can’t take the good with the bad then don’t bother.
Feel free to ignore my comments. You don’t have to react to my opinion.
You should probably do a bit more research on Linton. He built the worlds largest cannabis company and built a platform for global distribution. He’s also made me and countless investors extremely wealthy.
He was terminated because Constellation needs to scale the profitability of the business. Something that Bruce admits is best left to a CEO who wants to be focused on that.
Don’t trash someone when their accomplishments surpass every other Canadian LP CEO to date.
Let me be abundantly clear: I have absolutely no short position in TRST. I won’t touch this with a 10 ft poll given the volatility.
If you don’t like my opinion on this matter you’re free to ignore. If you’re going to engage in real debate at least post something tangible to discuss.
Ie do you think Bruce is wrong? He’s more experienced than ALL of us peons combined.