CannTrust Stock is making solid gains in today’s early session after CannTrust Holdings (TSX:TRST) (NYSE:CTST) surprised investors by posting profit in its first quarter, compared to analysts’ projection of quarterly losses.
Moreover, the company booked record revenues of C$16.9 million on enhanced production and distribution of recreational and medical cannabis products.
CannTrust Surprise Profit
CannTrust’s revenue during the quarter more than doubled year-over-year to C$16.9 million. The medical products contributed to two-thirds of the revenues in Q1; recreational products accounted for a third of the revenues. However, revenue came in below the ...
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