It’s time for your Daily Hit of cannabis financial news for April 22, 2019.
On The Site
Ontario-based CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST) reported preliminary estimates for the quarter ending March 31, 2019, with net revenue expected to be approximately $17 million, an increase of 116% versus the $7.8 million for the same time period in 2018. CannTrust also announced that it had begun an underwritten public offering of $200 million common shares, in which approximately 85% of the common shares are to be sold in the offering by the company and about 15% of the common shares to be sold in the offering by certain shareholders.
FDA Public Hearing On Hemp – Uncle Sam Wants You To Talk
The FDA is however finally allowing the public to weigh in, with the announcement of a Public Hearing to take place on May
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