Sector moving higher
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CTST and other gainers
CannTrust (CTST) saw among the biggest gains around noon with its stock rising about 4%. Recently, CannTrust announced that it would raise $200 million with investment firms such as Credit Suisse, Merrill Lynch, RBC Capital Markets, and Citigroup to co-lead the raise.
During the day, Emerald Health (EMHTF) was also gaining with a 2.9% increase while Canopy Growth (WEED)(CGC) was trading up about 2.9%. Canopy Growth has gained almost 20% in the last ten days after announcing its acquisition of Acreage Holdings.
Acreage Holdings has a presence in 20 US states and a market size of $17 billion. Acreage’s portfolio includes dispensing, processing, and cultivating operations. The company also has about 24 retail store brands under the Botanist brand.