CannTrust Holdings Inc CNTTQ

Canntrust will merge or be bought out..

[myfistyourbutt]

You'll see.

Maybe for $2-$3/share.

They are far behind in the edibles game, but possess the license to provide entire country, not many LPs have that.

Two state of the art facilities, for another companies growing expansion.

Welcome to companies like Cronos / Aleafia  or an American company to gain a real footprint at a discount.

[wizzard89]

I doubt that and for ALL the reasons you listed--they will bounce back on their own with no need to be sold. 

[myfistyourbutt]

im not against you wizard... but they are way too far behind with US companies now steam rolling.. Its in the shareholders best interest to find a partner, change names , rebrand , settle the suits, and hop on a moving ship.  

[wizzard89]

Maybe however in no way shape or form shoudl they even consider settling lawsuits. These lawsuits are based on "potential" loss of  income. Until they start selling and get back on the TXS and the NYSE and establish a "fair" market value (rather than the current $0.48) they should not even consider a settlement  --the ONLY people that even consider asking for a

[HaulJockey]

I think you're right, they shouldn't sell out. I'd like to see it get a good bump to what it was before but I also think it'll be a long haul. They won't merge with anyone, there's too much out there already. CGC is closing farms and laying off big time and LP's are going bankrupt every day.  If there were a buyout, it would be from a medium size beverage of food

[myfistyourbutt]

They would need to generate money in order to continue operating for a long haul... Where do you expect them to generate this income from? It is not in their best interest to long haul it lol...

[wizzard89]

Incoem comes from sales of PRODUCTS--they will be selling shortly You are AWARE they get NOTHING from the sale of shares UNLESS they are ADDITIONAL  shares they put out RIGHT ?? It COSTS them money for shareholders to trade their shares and they make NOTHING

[rad10]

  gotta love retail MJ investors......  

[wizzard89]

You have a problem with the FACTS ? They actual had INCOME last quarter witht he INTEREST from the $150 MILLION they had in the bank. They got their GROW licence back 3 months ago and now have their SALE licence back just in time for that crop to be harvested and packaged ready for sale. They also got ALL the stock back that HC had seized and it was tested by HC and CLEARED to be sold. They are

[myfistyourbutt]

i havent found where they mention that HC gave them everything the confiscated back.. Could you provide a link?  

[Rotaluceps]

In 2018 they had only $9 millions in cash. There are too many cannabis companies and many are failing and falling as Cantrust is doing. They would have to fight against the good established ones, and they would have to raise cash, if they could, diluting the stock further. The game is over, move on. 

[wizzard89]

You are aware they have about $125 MILLION in CASH and no BILLS except the "potential" class action suit that has not even been certified by the courts right? 

[myfistyourbutt]

They definitely dont have 125 mill left... The are running both facilities with employees, Id say they may have 50 mill left at this point with operation costs and such..

[wizzard89]

Maybe YOU should go work for Enerst and Young the Monitor taking care of the CCAA who reported to the COURTS that they had that much--But i guess HE could be LYING to a COURT ???

[Rotaluceps]

It seems they raised cash. Can you provide a link? I searched a bit but I am too busy. This is a company you care for? so you made your dd? Send me a link. 

[wizzard89]

do your own research---you seem to have time to TRY and respond. They made just over $100K in last quarter while not open in interest alone

[Rotaluceps]

They have $28,000,000 in long and short term liability, which is no big deal compare to other companies. Be careful about what you write.  Total Liabilities   28,288

[wizzard89]

Starting January 2020 the Monitor taking care of the CCAA protection stated in COURT they had $150 MIILION in the bank. So unless you want to say they LIED in COURT to a JUDGE you would be wrong The latest report in July said they still had $125 MIILION in the bank after paying staff that stay on and legal fees etc.

[myfistyourbutt]

please send link from July stating.  

[wizzard89]

AGAIN--do your own work--it's out there on the monitors site

[myfistyourbutt]

Your lack of providing a link to backup your statement is telling...  

[wizzard89]

YOUR STUPIDTY to actually do your own work is very showing. 

[Rotaluceps]

A company in trouble is bought for peanuts.