BREAKING NEWS: Wall Street welcomes CannTrust Holdings as LP becomes latest marijuana stock to list on NYSE
On Tuesday, CannTrust Holdings Inc. (TSX:TRST) won approval to list its shares on the New York Stock Exchange. In a short-and-to-the-point letter, Wall Street welcomed the Canadian licensed producer to its growing community of publicly-listed marijuana stocks.
Named the “Top Licensed Producer of the Year” at 2018’s Canadian Cannabis Awards, CannTrust has had its eye on a Wall Street listing for some time now. The company officially announced its intentions to list earlier in the year.
“CannTrust has firmly established itself as one of the top licensed producers in Canada with a global platform rooted in trust, science, and innovation,” said Peter Aceto, CEO of CannTrust in a statement. “A listing on the NYSE is a natural step forward in our evolution as we look to broaden our investor base, increase the Company’s exposure and expand our business on an international scale.”
There is no information available as of yet as to when the stock will be available for trade, nor as to what the company’s new ticker will be.
Stay tuned for more information as this breaking story continues to unfold.