Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here’s a screenshot of the headline: https://imgur.com/gallery/xEUCCmM
As soon as an interview or article hits with the exact quotes I’ll be sure to post them for you, friend.
For all Linton loyalists...he’s being quoted on BNN about the TRST fiasco as well as stating he hopes the next Canopy CEO is female and expects Ruckify to go public next year
Bruce Linton (father of Canadian cannabis and my hero!) comments on TRST:
BNN: TRST has good underlying business, sees acquisition of TRST assets, government can’t be blamed for the scandal, scandal is awkward for the cannabis sector, there will be more revelations in the scandal and somebody had to take the fall (re Aceto)
I can’t link an article yet. This is just breaking headline.
So now you have an expert in the field saying the same thing I have for the past 2 weeks.
$8 return over a 3 year spread is average and to some people, low yield investment in this space. I’m used to plays that are $3-4 margins with 2-3 month runtime. Every investor has their own expectation and strategy though.
If you’re heavy into the cannabis sector you’ll understand it’s cycles and some odd swings are $10-15 within 3-4 weeks. This has been a trend for quite a while although admittedly has slowed after legal.
My point was more, you could be riding those opportunities as opposed to backing this extremely volatile company that, if they survive against all odds, will grow at snails pace to regain their position.
It will take a long time for recovery if it’s even possible. I’d say given the fall of TRST other opportunities are rising. OGI and heck even Auxley (just secured $123 million) are growing at record pace. Their SP will grow far quicker than TRST.
Ps. I’m originally from Vaughan and I would love to see the company survive. Reality is it was run by crooks who’ve tarnished its reputation. This is not recoverable without a few miracles.
Doubt it. It’ll gain to about 4 and investors will wait for fins to see the damage this caused. That’s 3-6 months away.
Then it’ll take 6 months of PR and brand recovery. They’ll drop from 3rd in revenue to 7th or 8th then hopefully claw back territory. Their grow master will be forced out meaning their product quality will suffer and their awards/accolades will take a bit.
Any thoughts of active partnerships are dead in the water at this point which were scheduled for mid to end year. That’ll take years of recovery before anyone trusts them again.
You can rule out any capital raises or bought deals. They’re kryptonite for at least a year.
It’ll take another 6-12 months to regain a stable customer base meanwhile they’ve missed out on edibles end of year and other retail activity and opportunities if those were in the works.
You’re looking at 2-3 years to approach $10. So if you’re in at $2 that’s a good $8 profit per share. Honestly you could make that margin elsewhere.
Calm down it’s only up 15%. A 300% increase is highly, highly likely.
Not sure how much you invest in the cannabis sector but not even a partnership deal announcement, bought deal or acquisition news achieves that level of pop.
If you get a 25% pop on this, you should be ecstatic. Then it’ll come crashing down.
Just my opinion. Let’s see what happens
I suspect it’ll be a temporary pop. I’d sell on the pop and break even. This brand will take years to recover if they avoid a license pull. Honestly it’s a big if.
Aceto and Paul are criminals IMO. A stain on the whole companies image.
Eric Paul knows that if he didn’t leave, his shares would be worthless. So this is a feeble attempt to salvage the situation. Reality will always remain that this company was started and grown by someone who turned his eye away from breaking regulatory laws. They very root of this company proved to be rotten and us shareholders had no idea.
I don’t know about you but I feel scammed.
This is happening... https://ca.finance.yahoo.com/news/us-pot-drinks-maker-closing-in-on-canadian-cannabis-partnership-ahead-of-beverage-legalization-160000481.html
Where’s WEEDs beverage platform?
Oh wait that didn’t take long...here it is...
https://www.newswire.ca/news-releases/canntrust-announces-senior-leadership-changes-855931480.html
Aceto AND Paul are done.
I will say though that a leadership change COULD change the paradigm for Health Canada. Chances of revoking a license are reduced. But they need to can their grow masters and gut the other leadership tainted by this.
You could see a 25-50% pop in the SP tomorrow. I'd watch after hours to see signs of it.
More bad omens:
BREAKING: @CannTrust CEO @PeterAceto has been terminated with cause and board chair Eric Paul has resigned $TRST $CTST
— Jameson Berkow (@JamesonBerkow) July 25, 2019
Absolutely agree. Know your limits. But on a sinking ship don’t try to pretend everything is alright — clearly you’re gambling with your position. Call a spade a spade because you’re taking a huge gamble against really bad odds. Others will do the same I’m sure.
I really hope I’m wrong btw. In 5 years of focusing on cannabis investment I’ve rarely been wrong with my positions.
If you read the post I said may. I never declared facts and said keep your eyes peeled.
I don’t have an agenda at all. I’m passively watching a sinking ship and hope other people don’t think that buying in at these low prices is worth the risk. You’re just gambling on false hope. If that’s your comfort level...Godspeed.
So I wish you luck sir. You’re gonna need it IMHO.
They absolutely should go to jail. They lost lots of good people money.
Yes, heard I didn’t state it as absolute fact. Who’s to say it’s not going to happen. We could go back and forth but I rather wait to see what actually happens. If I’m wrong I have no trouble admitting it.
You sound bitter. If you lost money like I did, I feel ya but that’s no reason to be ignorant of facts.
There are multiple reports from different sources coming to light. You must have your head really deep in the sand to ignore this.
Globe is also a reputable paper and reporting unjustified news isn’t their MO.
Wake up.
Sooooo you’re saying in an ideal world no one snitched and the company went on breaking regulatory rules unnoticed?
Rules are rules. You can’t blame short sellers based on wild accusations. Short sellers aren’t the problem...management was.
I’m a former shareholder who lost money on this venture and I place blame on the very spot it deserves to be.
https://business.financialpost.com/cannabis/canntrust-promotional-video-featured-ceo-standing-in-front-of-unlicensed-room-former-employee-claims
Ridiculous. I can’t believe I trusted these guys with my money. I feel fooled.
Globe is a pain to access but here’s a similar report from MarketWatch: https://www.google.ca/amp/s/www.marketwatch.com/amp/story/guid/D376B113-4331-40B1-9E80-48453774661D
Don’t want to speak too early cause people on this board will pounce, but legal action against their board is building and as details spill out criminal negligence is looking more likely.
Shameful. Aceto destroyed this company. This is whey financiers and bankers should not be involved in the cannabis sector.
Reports continue to surface on patient pouching: https://business.financialpost.com/cannabis/canadian-cannabis-lps-line-up-to-swipe-canntrusts-medical-patients-while-sales-are-offline
Also in case no one posted this, some details on the Kindred Brokerage exclusivity arrangement: https://ca.finance.yahoo.com/news/canntrust-provides-kindred-brokerage-relationship-203000168.html
This article is two weeks old.
Honestly for me it’s not about pure punishment, it’s about sending a message to the industry that this is not tolerated. We HAVE to have zero tolerance for our own reputation and sustainability.
Management has definitely been negligent and I hope those responsible for screwing over us shareholders are reprimanded.
I think they’ll consider expediting it though. There’s a LOT of pressure on them. You are right though the lead time for decisions of this scale are quite long. Even if it ended up being 6 months I don’t think the SP could last that long. Also HC said the investigation would be 10 days or so (unless I got that wrong).
I’m not trying to cause panic selling. Everyone makes their own decisions I’m just relaying info in the wind.
If you’re making trading decisions based exclusively on what people are saying on forums then you should leave your money with a professional.
Hearing this across a few channels, license is revoked. News may be imminent. Keep your eyes peeled for it to hit the media.
I hope this isn’t the case but sure sounds legit.
Trading halted on TRST just now.
*smacks forehead* Jesus! Why didn’t I see it before. You’re totally right.
Upset me? No no. The world is not ending. Just this company. I’ve been investing in this space with great returns since buying into Canopy when it IPOd. I know a sinking ship when I see it.
I’ve also lost good money on this company when I really believed in its ability and potential. Unfortunately the nincompoops running it ruined a good thing.
Sorry if you don’t like my opinion.
Once again, respect and best of luck! Only time will tell.
Not sure how you can make that claim. You have little to no idea who I am or what I’m capable of. But I won’t take that in a threatening way or disrespectful.
Good luck!
Apples and oranges ... actually more like apples and durians. Durians smell like sh!t btw :-p
You’re comparing spurious things my friend.
If you’ve followed any of the investment signals and media they are calling for TRST to suffer. Every day the media becomes more aggressive about a license revoke. If HC doesn’t do it at this point they’ll look soft and weak. They can’t risk that.
Also they just pulled another company’s license today. Forget the name.
It’s regulatory season ppl! If you’re buying now you’re sending good money after bad.
You’re putting the chart before the horse :-p
The chart is a symptom of the current reality which is unknown until HC announces their findings and decision.
Imo, reading tea leaves would be just as accurate in this situation.
We’re moving into a regulation era. Let’s compare something similar that happened to Aphria (another shitshow company) in December when they got slapped on the wrist. That was mild only because HC was also battling the cannabis shortage. Aphrias capacity was needed so the government had to keep them around out of necessity.
So as a foil to the Aphria circumstances I think I make a good argument about the political climate. Even though TRST represents 200k of the active inventory if they were taken out of the game other LPs have capacity to pick up the slack.
Charts won’t save you here my friend. Everything is based around HC and their handling of this. If I’m wrong and it’s just a mild punishment they have to contend with the legal storm that’s brewing as well as redefining the brand.
On that note, I don’t think anticipating government intervention and regulatory slogging is very American :-p I’m just bringing certain realities to light.
Sir, educate yourself adequately about the situation. This is not a simple violation for you to even suggest that means you are either unclear of the allegations or are oblivious to the gravity of the violation. This has become a very public event. Health Canada can’t just sit back. The fine needs to be grave for both the political reasons as well as credibility of the whole industry.
There is also no real precedence of these sorts of violations. That’s another reason why they could and will likely be severe.
Yeah there was a bought deal not too long ago
The company is done. Period.
Management destroyed its reputation and there’s no way it can recover unless HC overlooks some serious issue.
It really is unfortunate. I doubt they’ll allow the license to remain. HC needs to send a message of zero tolerance and the only way to make that apparent is revoking it.
Excellent. Thanks!
For all those burned by the malfeasance and incompetence of the management running this company and for their brazen willingness to disregard regulatory process and destroy a company we invested in......here's a link to a form that you can join the case action lawsuit:
https://www.strosbergco.com/class-actions/canntrust/
If there are other lawsuits coming up, please share and post information/links for them here.
Are you f$@#cking kidding me? The buck stops at the CEO, he's directly responsible for the malfeasances under his management. How do you not know what's happening in your own company?
As shareholders we demand answers and expect adequate responses.
On that note, the amount of sh!t talk I've been seeing on social media is dramatic. People calling him terrible things...grow up. The legal system will step in now and identify/correct the injustices caused. Justice is coming.