Cannabis stocks have ended their six-session losing streak, after CannTrust fires its CEO
Cannabis stocks rose Friday to break a six-session losing streak, led by CannTrust Holdings, which rallied more than 18% on the news that it has fired its chief executive as it works to clean house after a scandal involving illegal grows.
Late Thursday, the company said it had fired Chief Executive Peter Aceto with cause, and that it had forced President Eric Paul to resign. Could be short covering. Any long term holder buying now has to reconcile the fact that any person who made $CTST remotely what it was is gone or soon to be gone. Not just execs. Any mid level folks on cultivation side etc. So its basically a new company with a huge headwind.
Valens GroWorks shares VGWCF, +2.54% rose 2.9%, after GMP it came away from an investor day at the company’s facility in Kelowna, British Columbia with a bullish view of the company.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Netflix Stock Bounces Back, Ending Nine-Day Losing Streak With 3.5% PopShares in Netflix, which had lost $24 billion in value during nine consecutive trading days of decline, bounced back with a 3.5% gain on Wednesday. The stock closed at $317.94 on trading volume nea…
Baca lebih lajut »
Pot producer CannTrust fires CEO, demands president resign amid illegal grow scandalAmid revelations that CannTrust Holdings Inc. was illegally growing pot in unlicensed grow rooms, the company fired Chief Executive Peter Aceto and forced...
Baca lebih lajut »
CannTrust fires CEO, president resigns as pot company deals with illegal-grow scandalAmid revelations that CannTrust Holdings Inc. was illegally growing pot in unlicensed grow rooms, the company fired Chief Executive Peter Aceto and forced...
Baca lebih lajut »
Cannabis producer CannTrust just fired its CEO after a scandal involving unlicensed growing — and its stock is skyrocketingCannTrust was recently found non-compliant after growing pot in unlicensed rooms, which resulted in the biggest single-day drop in company history.
Baca lebih lajut »
Netflix Stock Snaps Nine-Day Losing StreakThe streaming leader saw its stock rise 3.5 percent on Wednesday to $317.94, down 17 percent since May.
Baca lebih lajut »
Amazon’s Streak of Record Profit EndsThe online retailer’s second-quarter profit rose 3.6% from a year ago to $2.63 billion after more than doubling last quarter. Amazon had posted its best-ever profit the previous four quarters.
Baca lebih lajut »