CannTrust Holdings (TSX: TRST) is the 6th largest cannabis company in the world, and yet despite its size, it recently got into a bit of trouble with the law, the stock market, and its leadership. Not only did the company send out a press release last week admitting it failed a Health Canada inspection in July, and not only did several key personnel depart, the stock lost 80% of its value. It must have been a tough week for employees, hopefully they can find a way to relax from the stress of all this news to go back to catering their chill and laidback customers. Anyone have any recommendations on a product to help them out?
What our data shows is a drop in the number of Canntrust vendors. This coincides with news that the Ontario Cannabis Store is returning $2.2 million worth of product. Maybe growing weed in unlicensed rooms and then exporting those shipments to Denmark wasn't a great idea (that broke the law in Canada and several CannTrust officials were promptly fired).
There may be a connection between a company commiting international crimes and people wanting to share links over Facebook, or not, it's hard to say. Since some of the (bad) news only broke recently, it hasn't had time to affect the total employee count or number of Twitter followers.
At the very least, people in North America seem to still be interested in weed. So that's good for CannTrust, interest remains...high.
About the Data:
Thinknum tracks companies using information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.