CannTrust Reports Financial Results for Q1 2019
VAUGHAN, ON, May 14, 2019 /PRNewswire/ – CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX:TRST,NYSE:CTST) today released its financial results for the first quarter ended March 31, 2019.
The CannTrust team delivered exceptional operational growth in the first quarter, with harvested production of over 9,400kg. This is a 96% increase in production over the prior quarter and reflects the impact of the investments made into our facilities, as well as process improvements to increase throughput. With the successful closing of our equity offering providing gross proceeds of US$170 million (before exercise of the over-allotment option), we are well positioned to execute on our growth plans.
Peter Aceto, Chief Executive Officer
“Our fully-permitted Phase 2 expansion is expected to reach