CannTrust To Be Removed from S&P/TSX Composite

This evening S&P Dow Jones Indices released the rebalancing results for the S&P/TSX Composite Index. The changes will be effective prior to the open of trading on Monday, Sept. 23, 2019.

The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the Toronto Stock Exchange with about 250 companies included in it. It was speculated weeks ago that CannTrust was likely to lose their inclusion in the index.

This is a large blow for the Canadian License Producer who has recently had their inventory seized from Health Canada for illegally producing cannabis in unlicensed grow rooms.

In one of our favorite pieces, we reviewed former CEO Peter Aceto’s book last month.

CannTrust is down approximately 85% from it’s 1 year high.


Information for this briefing was found via Stock Watch. The author has no securities or affiliations related to the discussed organizations. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Small Cap Steve

SmallCapSteve started blogging in the Winter of 2009. During that time, he was able to spot many take over candidates and pick a variety of stocks that generated returns in excess of 200%. In the time since, he has taken a heavy focus in the cannabis space with a particular affinity for multi state operators, for which he has become a known thought leader.

Share
Tweet
WhatsApp
Share
Reddit