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Cannabis (Marijuana) Stocks

  • Last Updated:
  • Mar 27th, 2024 10:47 pm
Deal Guru
Aug 17, 2008
10990 posts
13540 upvotes
MrMom wrote: "CannTrust Announces Public Offering of Common Shares"
Apr 22, 2019, 06:56 ET

https://www.prnewswire.com/news-release ... 35521.html

... announced today that it has commenced an underwritten public offering of an aggregate US$200 million common shares, which contemplates approximately 85% of the common shares to be sold in the offering by the Company and approximately 15% of the common shares to be sold in the offering by certain shareholders (the "Selling Shareholders"). In connection with the offering, the Company and the Selling Shareholders expect to grant to the underwriters a 30-day option to purchase up to an additional 15% of the number of common shares sold in the offering.

The offering is expected to be priced in the context of the market, with the final terms of the offering to be determined at the time of pricing. ...

use the net proceeds of the offering for general corporate purposes, including cultivation and facility expansion, expanded outdoor growing, international expansion, enhanced extraction capacity, upgrades for GMP Certification and biosynthesis development.

BofA Merrill Lynch, Citigroup, Credit Suisse Securities (USA) LLC and RBC Capital Markets are acting as lead book-running managers for the offering. Jefferies LLC and Canaccord Genuity LLC are also acting as book-running managers.
Final details; 30,909,091 common priced at $5.50 USD. "Certain Shareholders (the "Selling Shareholders") are selling 5,454,545 common shares..." = Insider selling is not positive. Greenshoe has not been exercised according to the press release. https://www.prnewswire.com/news-release ... 42737.html
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Fanatic
Apr 25, 2006
8453 posts
3627 upvotes
wow, TRST just got destroyed after those earnings. Still no real bounce to show for it.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
Deal Guru
Aug 17, 2008
10990 posts
13540 upvotes
lilmikey wrote: TRST at 7.60 , trying for a bounce play
TRST CAD @ $5.50USD = ($5.50)(1.346USDCAD spot) = $7.40CAD as an FYI
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
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Feb 27, 2015
6973 posts
4953 upvotes
Toronto, ON
MrMom wrote: TRST CAD @ $5.50USD = ($5.50)(1.346USDCAD spot) = $7.40CAD as an FYI
Will do a large position sub $7
Deal Addict
Nov 14, 2006
3149 posts
1952 upvotes
GTA
MrMom wrote: TRST CAD @ $5.50USD = ($5.50)(1.346USDCAD spot) = $7.40CAD as an FYI
JRGUINNESS wrote: Will do a large position sub $7
In for now at 7.60 , more to go if dumps below that but its getting bought up pretty good so far. I always like to do market buys on bounces plays with more to add if dumps or goes up.
Deal Addict
Nov 14, 2006
3149 posts
1952 upvotes
GTA
Jon Lai wrote: Playing the VFF bounce, 5 min RSI in the teens.
Bounced off that 15.40 support area, good luck to us both lol
Deal Fanatic
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Feb 27, 2015
6973 posts
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Toronto, ON
ALEAF...

What a trainwreck! Just like EMC.

So glad I sold before the merger.
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Feb 27, 2015
6973 posts
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As you know, I like small caps.

Anyone else hold or like VIVO?

Seems like sub .80 is a good entry for short term
Sr. Member
Jan 22, 2018
762 posts
134 upvotes
JRGUINNESS wrote: As you know, I like small caps.

Anyone else hold or like VIVO?

Seems like sub .80 is a good entry for short term
I thought you just liked pain and suffering? Aka APH, GENE LOL sorry couldn’t resist
Deal Addict
Nov 14, 2006
3149 posts
1952 upvotes
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dsichewski11 wrote: I thought you just liked pain and suffering? Aka APH, GENE LOL sorry couldn’t resist
Add ATT and ASNT to our list
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Feb 27, 2015
6973 posts
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LoL so much Red, except on the one I wanna buy.

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