CannTrust stock has watched its share plunge from $10.17 to $7.46 USD at present, in a little over 2 weeks. The catalyst for the decline? A very-ill timed stock offering.
Now, analysts at SeekingAlpha are rating these shares a “Sell”. Is it really that bad over at camp CannTrust Holdings (TSX:TRST) (NYSE:CTST)?
CannTrust Stock on the DeclineCannTrust Holdings announced a $200 million USD equity offering at $5.50 USD per share, mere moments after it released poor Q4 results.
Management decided to issue a whopping 30% of its total shares outstanding. Adding ...
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