3 Key Takeaways From CannTrust’s Earnings — The Motley FoolPosted by On

CannTrust Holdings (NYSE:CTST) hopes to become one of Canada’s biggest and lowest-cost marijuana producers, and this week, it unveiled first-quarter financials that show it’s making progress toward its goal. The company’s harvest surged because of expansion projects, and strong medical marijuana sales more than offset a sequential slowing of recreational market sales. Can CannTrust Holdings’ success continue? Here are three important takeaways from its first-quarter financial report.

1. Sales growth is blistering but slowing

CannTrust is a major medical marijuana player with 68,000 active registered medical marijuana customers, up from 58,000 exiting December. It’s also generating substantial sales from…

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