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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.
There are $40 million worth of CannTrust products involved, and countless millions more in capital in play here.
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.