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Friday, 11/16/2018 4:42:50 PM

Friday, November 16, 2018 4:42:50 PM

Post# of 1469
CannTrust makes its case as a major Canadian weed producer, stock explodes higher.

CannTrust Holdings Inc. said late Wednesday that it sold nearly as much recreational pot in September as Canadian cannabis rivals worth much more, and it is pursuing a listing on the New York Stock Exchange, pushing shares to large gains Thursday. The Vaughan, Ontario-based cannabis producer’s third-quarter earnings showed sales of C$500,000 in recreational pot, positioning it alongside large rivals with deep pockets such as Canopy Growth Corp. (CGC) , (CA:WEED) in the race to dominate the recreational-pot market that Canada kicked off less than a month ago. CannTrust (CNTTF)(CA:TRST) experienced early issues with supplying Canada’s recreational market with pot like other pot producers, but it was able to ship as much recreational weed as Aurora Cannabis Inc. (ACB)(CA:ACB) , which said Monday it moved about $500,000 of recreational product. ..

https://www.yahoo.com/finance/m/b142deb2-e21c-36b6-98ca-0ec2510cb708/canntrust-makes-its-case-as-a.html


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