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CannTrust Holdings: Analysts Are Mainly Positive in January

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Stock performance

On January 8, CannTrust Holdings’ (CNTTF) stock price closed at $5.63, which is ~3.04% growth from its close of $5.47 on January 7. On January 4, the company’s stock price grew ~4.18% to $5.36 from its close of $5.14 on January 3. On December 31, CannTrust Holdings’ stock price closed at $4.82 and reached $5.63 on January 8, which represents ~17% growth over the first five trading days of 2019.

On January 8, CannTrust Holdings’ stock price closed at $5.63, which is ~29% growth from its 52-week low of $4.35 on December 24. The company hit its 52-week high of $11.97 on October 16.

Listing on the NYSE

On January 8, CannTrust Holding announced that it applied for its common shares to be listed on the NYSE. CannTrust Holdings will be listed on the NYSE after it satisfies all of the regulatory requirements and gets approval from the NYSE. According to the requirements, the company filed a Form 40-F registration statement with the SEC.

Analysts’ recommendations

Among the nine analysts tracking CannTrust Holdings in January, three recommended a “strong buy,” while six recommended a “buy.”

In January, among the nine analysts tracking OrganiGram (OGRMF), three recommended a “strong buy,” while six recommended a “buy.” Among the ten analysts tracking HEXO (HYYDF), two recommended a “strong buy,” while eight recommended a “buy.”

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