GREY:CNTTQ - Post by User
Post by
Only1LPRule$on May 02, 2019 11:18pm
208 Views
Post# 29704654
1Q Revenue To Be ~ $17M - Below Analysts Projections Again!!
1Q Revenue To Be ~ $17M - Below Analysts Projections Again!!I really thought a few months ago CannTrust had the chance for multiple gains based on some pretty good fundamentals they had. Unfortunately management didn’t have the vision or know how to capitalize on the rec market and thus are getting their @sses whipped by most LPs due to the fact they sold less than $3 million in rec for the first 2.5 months of legalization. It’s downright pitiful and goes to show Brad and now Aceto lacked the vision of capturing huge recreational revenue from day 1. Thus they will continue to fall from investors’ grace.
Remember Oct 5th! Eric Paul of CannTrust said:
“I would be really in shock if we don't announce some major deal in the next 60 days,”.
All I can is any big players that looked at CannTrust for a large investment did their due diligence and obviously moved on.
I just chalk it up it up as one of those plays that showed huge potential in many ways, but behind closed doors management screwed it up.