Betting Big on CannTrust

almost 5 years ago

In what had to be the biggest paper loss I have seen in a day on a Wallstreet for a cannabis stock, CannTrust lost 22% of its marketcap.

I bought some at this price point to capture some real value in a growing (no pun intended) industry.

CannTrust fell today when the Canadian government seized cannabis that was grown in unlicensed rooms. Health Canada stepped in to ensure compliance with their laws. The total production held is approximately 13,000 kg between the government and the company's held inventory.

When the dust settles, this stock will rise again. CannTrust has secured production rights from Health Canada and will sort this all out. I am a buyer below $4.

Sources:

Picture from Pixabay.

https://www-marketwatch-com.cdn.ampproject.org/v/s/www.marketwatch.com/amp/story/guid/0A90F4CA-A191-11E9-943F-DA199D5CC6B2?amp_js_v=a2&amp_gsa=1&usqp=mq331AQA#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fwww.marketwatch.com%2Fstory%2Fcanntrust-shares-tumble-after-canadian-regulator-seizes-its-cannabis-2019-07-08

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cannabis stock weedcash palnet partiko

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7 comments

@ganjafarmer 76

almost 5 years ago

Oh man... That's big... That's no good to lose that hard.

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@weedcash.rewards 61

almost 5 years ago

Yeah, it's crazy.

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@ganjafarmer 76

almost 5 years ago

Totally

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@steemitboard 66

almost 5 years ago

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@choosefreedom 61

almost 5 years ago

Great move. Congratulations on staying on top of the news and being able to take advantage of this opportunity. 🍻

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@weedcash.rewards 61

almost 5 years ago

Thanks.

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@steem-plus 74

almost 5 years ago

Hi, @weedcash.rewards!

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