CannTrust Receives Continued Listing Notice from the NYSE – RICH TV LIVE – DECEMBER 10. 2019 – VAUGHAN, ON, Dec. 10, 2019
Hi how you guys doing this is rich from rich tv live and today i want to talk to you little bit about can trust so can trust has received notice from the new york stock exchange that they have six months to get the stock above a dollar and if they don’t get the stock above the dollar they’ll be delisted off the new york stock exchange they’ve received notice from
The toronto stock exchange that if they can get their act together and get their reports up to date and the front end shows up to date they’ll be delisted off the toronto stock exchange so now they’ve been warned that they’re gonna be delisting off the toronto stock exchange and they’ve been warned that they’ll be delisted off the new york stock exchange do you
Think that’s gonna happen i don’t see it happening they have six months six months to be able to get their stock back above $1 so that they don’t get d listed in the new york stock exchange i don’t think that that’ll be a problem i think they’ll be fine i think they’ll be above $1 but definitely the pressures on can’t trust i mean they’re getting the pressure from
The toronto stock exchange they’re getting the pressure from the new york stock exchange and it’s kind of shocking that the price is staying up considering all the negative publicity the negative pressure from the toronto stock exchange for the new york stock exchange and yet the stock is still maintaining a very reasonable price which leads me to believe that the
Company is going to do well you know if they were going to struggle and they were going to fail i think they would be well below a dollar already so the fact that they’ve maintained a price above a dollar in canada leads me to believe that there’s way too many big players involved in this company that believe it is too big to fail and six months is still a long
Time for them to get their act together on the new york stock exchange they’ve got less time to get their act together on the toronto stock exchange they need to get their act together by march i think it’s march 25th on the toronto stock exchange they’ve got six months on the new york stock exchange i think they do find a way to get it all resolved i think can
Trust finds a way to fix these issues and i predict they do get their license and health canada gives them their license back and hopefully can trust gets on the right track again and we see can’t trust moving in the right direction because i think this could be a catalyst for the sector clearly can’t trust having the issues that they’ve had has been very bad for
The sector so in my opinion can’t trust getting back to doing business getting their license reissued by health canada could be a huge catalyst to really get this sector back where it needs to be which is a thriving hyper-growth sector left to know what you guys think about this news let me read it to you guys right here this was literally a press release today
Can’t trust holdings inc announced today that on december 9 2009 teen the company received written notification from the new york stock exchange that contrast is no longer in compliance with the new york stock exchange continued listing standard rules because the per share trading price of the company’s common shares has fallen below the new york stock exchange
Share price rule the new york stock exchange requires the average closing price of a listed company’s common shares to be at least $1.00 per share over a consecutive 30-day trading period as of december 9 2009 teen the 30-day average closing price of the company’s common share was 97 cents u.s. in accordance with the new york stock exchange rules can trust has six
Months from the receipt of the notice to regain compliance during this time period the company’s common shares will continue to be listed and trade on the new york stock exchange as usual under new york stock exchange rules can trust can regain compliance at any time during the six-month period of its common shares having a closing price of at least $1 on the last
Trading day of any calendar month during the period and also have an average closing price at at least $1 u.s. over the 30-day trading period ending on the last trading day of that month or on the last of the cure period this is the news that is circulating for can trust what do you guys think about this oscar says hola amigo thanks for your videos very helpful
Now i’d love to know what you guys think about this do you think and trust goes back up you think can trust is done do you think and trust is finished or do you believe that there will be a resurrection my prediction is that there will be a resurrection and can’t trust they will get their license back from health canada they will not be delisted from the new york
Stock exchange and they will not be delisted from the toronto stock exchange i’m all obviously a very optimistic person for the sector i’m a cannabis enthusiast i do not want to see can trust fail there’s a lot of investors that have invested in can’t trust deeply i do not want to see them lose money jordan says rest in p any can trust bag holders well i hope that
That’s not the case you know how you doing dylan what’s going on brother got another one your videos up today thank you very much for another one of those actually two of your videos which i combined thank you very much for your videos bro really appreciate it so yeah the big news is that can’t trust you know they can’t get a break first it was the toronto stock
Exchange talking about d listing them now they’re hearing it from the new york stock exchange so love to know what you guys think about this do you guys think interest is done or could this be an amazing buying opportunity brian says $12 average yeah can trust was at 12 bucks this year from $12 to $1 it’s been a nightmare i mean a lot of other companies have been –
It’s not just can’t trust but it definitely hasn’t been a big winner let’s just put it that way dylan fraser says big money will keep it above $1 usd yes looks great you’re welcome my pleasure can’t wait for edibles and bevvies it’s around the corner man and i’ll be waiting for your videos bro i’ll be waiting for those videos right those videos they’re epic i love
Them jordan says sounds pretty optimistic i hope for fellow cannabis investors sake it comes back i think best case scenario they get bought out by 2020 i mean it’s possible i mean right now there’s so many different scenarios i just read an article from bloomberg that suggests that companies are gonna start investing in cannabis companies again and that you’re
Gonna see more funding flow back into cannabis companies so i think we’ve had a really tough time can trust was a big part of that with their scandal i think if can trust can get back somehow if they could find a way to get back i think that could really revive the sector i really do think that could revive the sector yeah whelan was a nightmare right now they’re
In creditor protection so yeah there are gonna be some companies are gonna fail along the way that’s why as investors we need to be very careful and we need to invest in the best and not take too many risks invest in companies that are profitable companies like truly companies like key relief companies like gtii companies like aip are these are companies that
I think we really need to look at obviously companies like africa i like after you a lot think upside is great there so there’s always gonna be opportunities we just need to put our money in the best because if we put our money in the best we give ourselves the best chance to win so the big news is can trust has received notice from the new york stock exchange
That if they don’t maintain a $1 share price for cts tea in america over the next six months they will be delisted off the new york stock exchange love to know what you guys think about this news do you think that can trust is on the verge of bankruptcy i don’t think so they’ve got a hundred eighty-five million in cash in assets i don’t think that’s an issue do
You think that they will not get their license back do you think that they will get d listed on the toronto stock exchange do you think that they will get d listed on the new york stock exchange love to know your opinion on this dylan fraser says me too i love doing them i’m not much of a legal guy but for rich t v i can invest into some content it’s so much fun
More to come you know what’s funny is i thought you did a really good job with your video it’s like you did a really good job panning and showing all the products i thought it was really well done dylan should be proud of yourself man and i’ve had you know if you read the messages other people were really happy with the with the video too so i think we’re coming
Along and i think we’re one of the only platforms i know of that’s doing these types of reviews and i know right now they’re not getting a ton of views but that’s okay i feel like we’re ahead of our time remember cannabis is not legal in america yet and youtube is an american entity so owned by google so i feel like we’re ahead of our turn just kind of like you
Know three years ago we were ahead of our time talk to you about wheat stocks nobody was talking about wheat stocks back then either and a lot of times videos we get censored i feel like this is just the same thing you know we’re doing something nobody’s ever done youtube probably doesn’t really know what to do with it and you know now that we’ve done it watch the
Floodgates open everyone else is gonna start to do it so we just want it to be first and will continue to be first and we take a lot of pride in that first talk about wheat stocks on youtube the first ones to do weed cannabis reviews first ones to have cannabis songs i mean cannabis stock songs i don’t know anybody else in the world that has cannabis stock songs
I mean not even drake has cannabis stock songs yet yet being the key word shout-out to drake shoutout to ill kid so yeah it’s been um been a crazy year 2019 it’s been such a crazy year a lot of things didn’t go the way cannabis investors would have wanted but things in life have a weird way of balancing themselves out 2019 might be brutal and 2020 might be great
So hopefully we’re setting ourselves up for a huge 2020 and i think as investors we need to be smarter with our money and we need to invest in the best in 2020 if we want to win dylan fraser says once more products come out it will get more views people will want to know what’s out there and where the best products are i agree good point very good point so wanted
To break the news to you guys can’t trust on the verge they’ve got six months of being delisted on the new york stock exchange they’ve got three months to get their act together or they’ll get delisted off the toronto stock exchange they need to get their financials up to date to maintain on the toronto stock exchange and they need to get their stock price at
Least at a dollar to maintain on the new york stock exchange look to know what you guys think if you like this video comment down below smash the like button share the video everywhere you’re bored rich rich do you live bringing the info bring you the winners and bring them to you first 2020 will be the year of the melt up you heard of your first i’m gonna talk
About it more tomorrow is your board rich from bristol i’ve mmo peace can you trust can trust we’ll see
Transcribed from video
CannTrust Receives Continued Listing Notice from the NYSE By RICH TV LIVEliveBroadcastDetails{isLiveNowfalsestartTimestamp2019-12-11T023648+0000endTimestamp2019-12-11T025000+0000}
