CannTrust Holdings: Financial Overview in January

CannTrust Holdings: Analysts Are Mainly Positive in January(Continued from Prior Part)## Revenue trendsIn the first nine months of 2018, CannTrust Holdings’ (CNTTF) net revenues grew ~115% YoY (year-over-year) to 29.5 million Canadian dollars from 13.7 million Canadian dollars. In the third quarter, CannTrust Holdings generated net revenues of 12.6 million Canadian dollars compared to 6.1 million Canadian dollars in the same period the previous year, which reflected ~105% YoY growth.Analysts expect CannTrust Holdings to generate net revenues of 28.29 million in the fourth quarter. Analysts expect the company’s net revenues for fiscal 2018 to be ~60.64 million Canadian dollars.CannTrust Holdings’ peers in the licensed cannabis market, OrganiGram (OGRMF) and HEXO (HYYDF) generated net revenues of 12.43 million Canadian dollars and 4.9 million Canadian dollars, respectively, in fiscal 2018, which reflects ~60.54% and ~20.43% YoY growth. HEXO reported net revenues of 5.6 million Canadian dollars in the first quarter of 2019.## Gross profit and EBITDAIn the first nine months of 2018, CannTrust Holdings reported a gross profit and adjusted EBITDA of 44.8 million Canadian dollars and 1.2 million Canadian dollars, respectively—compared to 12.9 million Canadian dollars and 3.5 million Canadian dollars during the same period the previous year.In the third quarter, CannTrust Holdings’ gross profit and adjusted EBITDA were 12.5 million Canadian dollars and 557,983 Canadian dollars, respectively—compared to 5.4 million Canadian dollars and 1.9 million Canadian dollars during the same period the previous year.Continue to Next PartBrowse this series on Market Realist: * Part 1 - CannTrust Holdings: Analysts Are Mainly Positive in January * Part 3 - CannTrust Holdings’ Earnings Trends and Recent Developments * Part 4 - Analyzing CannTrust Holdings’ Medical and Wholesale Business