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.
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%. Today he consults with microcap companies helping them with capital markets strategy and focuses on industries including cannabis, tech, and junior mining.