CannTrust (NYSE: $CTST): Bankrupt 📉

CannTrust - CanntTrust - IBR

CannTrust Holdings Inc. (NYSE: $CTST) announced Tuesday that it obtained protection from creditors amid ongoing struggles to recover from last year’s scandal.

”If You Can’t Trust CannTrust Who Can You Trust”

Well, that quote showed its true face.

Last year Health Canada revoked CannTrust’s cannabis licences over highly illegal and fraudulent activities related to illicit pot-growing.

CannTrust’s stock is now suspended for all trading.

Its shares will soon be delisted from the TSX and NYSE.

CannTrust - IBR - Internet Bull Report

So no need to advise to cover shorts, as you have scored the ultimate shorting reward.

Had you shorted close after our call, when the stock traded $2,75 a share – CONGRATULATIONS – now you can purchase it back at $0.

It will take some time to get your money back, because of all the admin fluff that is required following this unprecedented event.

We will find you more perfect shorts in due course. 🕵️‍♂️🔎

 

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Luka Marjanovic

Partner

Luka holds a Bachelor’s in International Business and a Master’s in International Management. During his undergraduate studies he worked as a research assistant in the field of Big Data; founded his own consulting firm providing services to local SME's in various sectors and invested in the capital markets; as well as working pro-bono providing education and career counselling. Prior to his business education, he studied Biology-and-Biotechnology, and served in the Danish Royal Army as Second Sergeant, leading and managing a group under extreme conditions and pressure. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding or out in the forest for a jog.

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