CTST - CannTrust's Make-or-Break Moment Has Arrived
It has not been a pretty past year for marijuana stocks. Despite ending the first quarter of 2019 on a high note, the industry has (pardon the overused cliché) gone up in smoke ever since.
In the largest marijuana market in the world by annual sales, the United States, high tax rates have made it virtually impossible for legal-channel weed to compete with black market pricing in the early going. Meanwhile, supply issues in Canada's most-populous province, Ontario, have created bottlenecks for a region still dominated by the black market.
But perhaps no company has been put through the ringer more than Ontario-based CannTrust Holdings (NYSE: CTST).