CannTrust Holdings Inc CNTTQ

RE:NYSE

[Only1LPRule$]

Oldweed wrote:
Sector uptrend...timing couldn't be better to announce an up listing!

Timing means a lot and the best way to take advantage of that is to release some significant news with the uplisting.  Releasing some preliminary financials that day could create a whole lot more buyers than sellers.

Nothing exciting with HEXO’s uplisting so far and I doubt there will be when they release their quarterly financials.  Their last reported quarter came in at $1.4 million - pretty lame compared to TRST’s $12.5 million!  I doubt HEXO’s revenue will come in over $13 million.  OGI just released their quarterly earnings of $12.4 million which included recreational revenue.  A rough estimate on OGI rec sales would be around $8 million since their MMJ revenue from the 3rd quarter 2018 was 3.2 million.  

On Sedar.com : As of Sept 30th, 2018 CannTrust reported it’s inventories to consist of 5.1 million grams of dried flower and 7.2 million grams of extracts.  

TRST’s last quarter revenue came in at $12.6 million :

400,000grams of MMJ dried flower for $3.5 million avg revenue per gram $8.77
700,000grams of dried flower for extracts for $6.2 million - avg revenue/gram $8.98
266,000grams of wholesale dried flower for $1.4 million - avg revenue/gram $6.4
Wholesale extracts for $302,000
Other revenue came in at $856,000.

Basically TRST had 4 million grams of dried flower and 6.5 million grams of extracts ready for the rec market as of Sept 30th.  It’s interesting to see them keep selling out in the larger purchase quantities.  Are rec consumers buying up their dried flower brands like crazy since their dried flowers won top consumer awards?  Or are they still facing supply issues and backlogs as a result of the new system?  Or are they running low on their inventory already?  

It’s quite realistic CannTrust’s revenue could come in over $20 million.  If TRST’s inventory has seen a large decline then $27 million in revenue is very possible.  Exciting times ahead indeed!