CannTrust Returns to Profitability (With a Catch) as Sequential Sales Growth Slows

The legal cannabis industry is transforming into a big-money business before our eyes. Having generated just $5.4 billion in full-year sales in 2015, the legal weed industry is projected by Cowen Group to deliver $75 billion in annual sales by 2030, representing a compound annual growth rate of more than 19% if Cowen is correct.

One of the largest expected players in this burgeoning cannabis market is CannTrust Holdings (NYSE:CTST), which just so happens to have reported its fiscal first-quarter operating results before the opening bell on Tuesday, May 14. CannTrust, which expects to slot in as a top-five grower by peak annual production, wound up delivering a surprise profit for the quarter, albeit the company’s sequential sales growth from the fiscal fourth slowed notably, proving it’s not immune to the supply chain issues currently affecting Canada.

Image source: Getty Images.

CannTrust Holdings Q1 results: The raw

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