CannTrust (CTST) shareholders woke up to an unpleasant surprise delivered by the leadership team at the company. Shares ended the day down 22% after CannTrust told the public that it was found to be illegally growing weed in its facility and could face severe legal and financial consequences after Health Canada seized its inventory. The new leadership team at CannTrust has destroyed a massive amount of shareholder value since last October and the company could face more headwinds after Monday's events.
(All amounts in C$)
Busted By The Regulator
On Monday morning before