CannTrust Holdings Inc CNTTQ

CannTrust Holdings Inc is engaged in the business of producing and distributing medical cannabis in Canada. Its facility is located at Vaughan, Ontario in Canada. Its brands include LIIV, ESCAPE, SYNR.G and Peak Leaf.

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CannTrust Holdings Inc

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Comment by codyesson Feb 14, 2020 1:46am

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Post# 30689352

RE:RE:Good News !

Very good observation..

What was 8 million used for.?

mdjbrown wrote: Lets hope so S67

Some reading between the lines required with this last press release.

Curious statement provided:

"the special committee (the "Special Committee") appointed by CannTrust's Board of Directors will focus its attention on identifying and considering potential strategic alternatives for the Company."

I also found it interesting that at the beggining of the year it was reported the corporation had approx $175 million and today it is announced that a month later, their cash position is approx $167 million.

Wonder what costs $8 million in one month when the corporation is currently idling along

* CANNTRUST HOLDINGS - AS OF DEC 31, 2019, HAD CASH BALANCE OF ABOUT $175 MILLION

The Company's cash position as at January 31, 2020 was approximately $167 million.