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.

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CannTrust Holdings Q1 results: The raw

... read more at: https://www.fool.com/investing/2019/05/14/canntrust-returns-to-profitability-with-a-catch-as.aspx

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