CannTrust shares to start trading on NYSE on Feb. 25

Ciara Linnane - finance.yahoo.com Posted 5 years ago

Canadian cannabis company CannTrust Holdings Inc. said Wednesday it has met the requirements for a listing on the New York Stock Exchange and will begin trading there on Feb. 25. The Vaughan, Ontario-based company will trade under the ticker symbol "CTST" and will continue with its original listing on the Toronto Stock Exchange. "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," Chief Executive Peter Aceto said in a statement. The company said last week it has hired Greg Guyatt as chief financial officer. Guyatt was previously CFO of GreenSpace Brands, a natural food product company, and has also done stints at Deloitte and worked in capital markets. Toronto-listed shares of CannTrust have gained 74% in 2019 so far, while the S&P 500 has gained 11%.

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