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

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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.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।

. corredja

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

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 3. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

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
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