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For a supposedly "controversial" sector, legal cannabis has been refreshingly transparent and light on (actual) scandal, especially compared to, say, finance.
But there's always one...
CannTrust Holdings Inc. (NYSE: CTST) is a licensed cannabis producer in Canada; CTST is a popular stock that's seen 2019 highs of CA$14.87 (US$11.24) a share.
Those shares have slid 56% over the past month because of a mounting scandal.
Investors are wondering, so I'm going to show you what's happening here...
About the Author
Greg Miller started working on Wall Street in September, 1987, just a month before the “Black Monday” stock market crash.
During his career there, he became an expert in just about every kind of publicly traded security - from blue-chip and small-cap stocks to municipals, junk bonds, and derivatives. As a portfolio manager, Greg was responsible for over $500 million of assets in mutual funds and insurance company accounts.
After leaving the Street, he designed a successful options trading strategy and made lucrative tech investments for a financial publication. He has also helped develop new products and worked with other editors to hone their strategies. He’s always been dedicated to deep, fundamental research - and he always will be - because he believes buying the very best companies at the right price is the best way to amass wealth in the stock market.