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.
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. ?️♂️?