CannTrust develops pet pot

Article Excerpt

CANNTRUST HOLDINGS $8.24 (Toronto symbol TRST; Consumer sector; Shares outstanding: 103.9 million; Market cap: $856.1 million; No dividends paid; Takeover Target Rating: Medium; www.canntrust.ca) is a Canadian-based producer of medical cannabis with distribution in Canada, Denmark and Australia. In addition, the company plans to branch out into the recreational market. What’s more, CannTrust is also taking aim at the pet-medicines markets. As part of that initiative, the company has entered into a partnership with Grey Wolf Animal Health Inc. to develop and promote cannabis products for the pet market. This could include medications prescribed by veterinarians for pet anxiety or pain. CannTrust’s pet products are still in the very early stages. Still, its established position in the medical marijuana field is a big plus. CannTrust is a speculative buy for aggressive investors who want exposure to the marijuana industry. industry…