CannTrust Holdings Inc CNTTQ

RE:Alright last post

[Analystguy]

If you look at the financial statements and MD&A posted on SEDAR it may surprise you that TRST is NOT the low cost producer you think it is.
Example:                    HEXO         TRST
kgrams produced    4938            4816    (about the same)
COGS                         6499          10489   (Hexo lower production cost)
margins                      .52               .35

This is not a plug for HEXO but merely an observation of the industry metrics that count.
The above is only on the revenue side.

The expense side is a whole other matter that TRST has sought to obfiscate in its financials as opposed to other LP's who report their expenses in a straight-forward manner.

Listening to the conference call and analysing the finanicals left me with a bad taste for this stock.