- Shares of CannTrust Holdings Inc. slipped as much as 16 per cent after it reported a fourth-quarter revenue bump on the legalization of recreational cannabis but missed expectations and swung to a net loss. The Vaughan, Ont.-based licensed producer reported record net revenues of $16.2 million during the three-month period ended Dec. 31, up 132 per cent from a year earlier. Cannabis buds lay along a drying rack at the CannTrust Niagara Greenhouse Facility in Fenwick, Ont., on June 26, 2018. ( Tijana Martin / THE CANADIAN PRESS )CannTrust posted a fourth-quarter net loss of $25.5 million or 26 cents per share, compared to a $6.3 million profit or eight cents per share during the same quarter in 2017. Analysts had expected revenues of $21.2 million, and a net loss of $6.4 million amounting to a four cent loss per share, according to Thomson Reuters Eikon.

Source: thestar March 28, 2019 14:03 UTC