CannTrust Holdings Inc. (CNTTQ)

[Bed Bath & Beyonce]

"Exercise of Option to Purchase Additional Shares in Connection with Underwritten Public Offering of Common Shares" is the new way to to announce dilution.

VAUGHAN, ON, May 14, 2019 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the
"Company",TSX:TRST, NYSE:CTST) announced today that the underwriters of its previously-announced underwritten public offering of 36,363,636 common shares at a price to the public of US$5.50 per share have exercised in full their option to purchase 4,636,363 and 818,182 additional common shares, respectively, from the Company and a certain selling shareholder, at the public offering price, less the underwriting discount, resulting in total gross proceeds to the Company of approximately U.S.$25.5 million in connection with the option to purchase and US$195.5 million in the aggregate from the offering, before deducting underwriting discounts and commissions and estimated offering expenses.

Another Cannabis sector company did this last week and dropped 15% the next day. Let's see what happens on Wednesday to CTST.