June 19, 2019 / 12:33 PM / 4 months ago

BUZZ-Canada's CannTrust Holdings rises after co to form JV for U.S. operations

** U.S.-listed shares of Canadian medical cannabis co rise 6.3% to $5.24 in premarket trading

** Co to form JV with Elk Grove Farming Company LLC and establish operations in California, United States

** Co has signed agreement with Elk Grove to secure hemp - a kind of cannabis with no or low content of THC which is responsible for the high

** CTST expects investment of up to $20 mln through 2020-end

** Up to Tuesday’s close, stock had risen ~2% YTD (Reporting by Debroop Roy in Bengaluru)

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