Cannabis stocks end six-session losing streak after CannTrust fires CEO

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Cannabis stocks have ended their six-session losing streak, after CannTrust fires its CEO

Cannabis stocks rose Friday to break a six-session losing streak, led by CannTrust Holdings, which rallied more than 18% on the news that it has fired its chief executive as it works to clean house after a scandal involving illegal grows.

Late Thursday, the company said it had fired Chief Executive Peter Aceto with cause, and that it had forced President Eric Paul to resign. Could be short covering. Any long term holder buying now has to reconcile the fact that any person who made $CTST remotely what it was is gone or soon to be gone. Not just execs. Any mid level folks on cultivation side etc. So its basically a new company with a huge headwind.

Valens GroWorks shares VGWCF, +2.54% rose 2.9%, after GMP it came away from an investor day at the company’s facility in Kelowna, British Columbia with a bullish view of the company.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

. corredja

Get high so can't work good anymore. 🔥 🔥

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CannTrust fires CEO, president resigns as pot company deals with illegal-grow scandalAmid revelations that CannTrust Holdings Inc. was illegally growing pot in unlicensed grow rooms, the company fired Chief Executive Peter Aceto and forced... uh oh
Source: MarketWatch - 🏆 3. / 97 Read more »