CannTrust Holdings Inc. (TSX:TRST) (OTC:CNTTF) is having a heck of 2019 so far, sending TRST flying. Announced this morning, CannTrust is the next cannabis company to list on the NYSE!
CannTrust Holdings NYSE Listing Announcement
This next coming Monday, CannTrust will begin trading on the New York Stock Exchange (NYSE). The cannabis company will begin trading under the stock ticker CTST.
"We are continuously looking to deliver shareholder value and the NYSE listing is a natural progression for CannTrust," said Peter Aceto, CEO.
The company is joining a long list of major cannabis companies that have started trading on the major US exchange recently.
Aceto continued:
"We have taken steps to strengthen our management team to accelerate our growth as we face high demand for our products and expertise, both domestically and internationally. Specifically, we have recently hired Greg Guyatt as Chief Financial Officer, who has demonstrated experience in international capital markets. We expect the NYSE listing will result in an expanded institutional and retail shareholder base, increased capital markets exposure and firmly establish CannTrust as a global company."
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TRST Expansion
Last week, the cannabis company announced its new addition to its executive staff. Greg Guyatt was appointed Chief Financial Officer, which was effective yesterday, February 19th, 2019. The latest announcements from the company show its steady growth and the CNTTF and TRST stock shares have followed.
Stock Movement
According to Yahoo Finance, TRST is currently trading at $11.52 a share, up +$0.08 (+0.70%) on the TSX. Year-to-date, the cannabis company is up 75.3%. On the OTC, CNTTF is trading at $8.78 a share, up +$0.13 (+1.46%). Year-to-date, the cannabis stock is up 75.9%.
CannTrust produces and distributes pharmaceutical grade medical cannabis products throughout Canada. The company currently has partnerships with Gold Coast University Hospital, supplying the facility with cannabis products.
Featured Image: CannTrust
