A failed Health Canada audit came as a huge surprise to the market and the event details have investors fleeing CannTrust Holdings (CTST). While the decision of management to jump the gun on cannabis licenses is shocking, the market action appears far too harsh for a product that has been illegally grown and consumed for centuries. The market is shaken here, but the opportunity exists to benefit from the panic without taking on too much risk.
Image Source: CannTrust website
On Monday, CannTrust revealed the company was found non-compliant with a