CannTrust Archives

Debra BorchardtJuly 8, 2019

CannTrust Holdings Inc. (TSX: TRST)(NYSE: CTST) stock has fallen almost 20% after the company announced that a Health Canada audit found that the company was growing cannabis in five unlicensed rooms and inaccurate information was provided to the regulator by CannTrust employees. While the company’s name says trust, it seems Health Canada couldn’t trust the […]

Debra BorchardtJune 19, 2019

CannTrust Holdings Inc. (NYSE: CTST) shares popped over 5% in early trading on news that the company had formed a joint venture with California hemp grower Elk Grove Farming Company. CannTrust is a Canadian cannabis company founded by pharmacists and this would be the company’s entry into the United States. The company said it expects […]

StaffMay 14, 2019

CannTrust CannTrust Holdings Inc. (TSX:TRST) (NYSE:CTST) reported that its quarterly revenue rose 115% to $16.9 million versus last year’s $7.8 million for the same time period. 67% of the revenue came through the medical channel and 33% through the recreational channel for the quarter ending March 31, 2019. The net income for the quarter was […]

William SumnerMay 2, 2019

It’s time for your Daily Hit of cannabis financial news for May 2, 2019. On The Site Canopy Growth Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) is acquiring the German-based, Bionorica SE-founded C3 Cannabinoid Compound Company in an all-cash deal valued at €225.9 million (CDN $342.9 million) or roughly $250 million. The move is intended […]

William SumnerApril 22, 2019

It’s time for your Daily Hit of cannabis financial news for April 22, 2019. On The Site CannTrust 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 […]

Debra BorchardtApril 22, 2019

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 said that the estimated increase in revenue is primarily due to a […]

William SumnerMarch 28, 2019

Sales are up, but profits are on the decline for CannTrust Holdings Inc. (NYSE: CTST) as the company releases their financial results for the fourth quarter and year ending on December 31, 2018. Revenue for the company increased to $16.2 million, representing an increase of 132% over the same quarter in the previous year. This […]

Debra BorchardtMarch 4, 2019

CannTrust Holdings Inc. (TSX: TRST) (NYSE: CTST) filed and received a receipt for a preliminary short form prospectus with the securities commissions in each of the provinces of Canada, except Québec, and with the U.S. Securities and Exchange Commission (SEC) to offer up to C$700,000,000 of debt securities, warrants, subscription receipts, units or common shares, […]

StaffAugust 14, 2018

GrowGeneration Corp. GrowGeneration Corp. (GRWG), one of the largest specialty retail hydroponic and organic gardening stores, selling to both the commercial and home cannabis markets, with currently 18 locations, reported financial results for its 2nd quarter ended June 30, 2018. The company delivered revenue of $7.15 million, up 74% compared to revenue of $4.1 million for the 2nd quarter of […]

William SumnerJune 5, 2018

Medical cannabis producer CannTrust Holdings Inc. (TRST) announced today that is has closed its previously announced short form prospectus offering, on a bought deal basis. The announcement comes in the wake of a very strong fourth quarter and full-year financial report in which the company’s profits exceeded its losses and annual revenue rose from C$4.3 […]

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Tag: CannTrust

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The Daily Hit: May 2, 2019

The Daily Hit: April 22, 2019

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CannTrust Files C$700 Million Offering

Earnings Highlights From GrowGeneration, Surna And CannTrust

CannTrust Closes $100 Million Bought Deal Financing

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