 cannabis stocks and CEO interviews brought to you by rich TV live rich here on behalf of rich tv live and cantrust had a date cantrust sales grow by 105 to 12.6 million in q3 and bam there we go look at this okay so literally went from seven dollars and 12 cents yesterday to nine dollars and 40 cents today that's right what a massive explosion for cantrust and what is the reason for this explosion you ask well i think it's pretty obvious cantrust holdings is dominating the trauma stock exchange today after the company debuted its q3 earnings and plans to list on the new york stock exchange nyse cantrust holding zinc under the symbol trst on the toronto stock venture exchange and in america under the symbol cnt tf big big big day today big day is headquartered in vaughan ontario and the cannabis company produces and distributes pharmaceutical grade medical cannabis in canada cantrust sells dried cannabis and oil extracts to clients based on medical prescriptions given by a healthcare practitioner cantrux cantrust holdings q3 earnings yesterday the cannabis company announced its revenue for q3 and the rest of 2018 and the revenues were good they were strong here let's take a look at it cantrust reports record revenue for q3 2018 and it's taking steps to list on the new york stock exchange cantrust or the company a licensed producer of medical and recreational cannabis under the cannabis act and its regulations today announced financial and operating results for the three and nine months ending september 30 2018 all amounts expressed are in canadian dollars revenue for the three and nine months period ended september 30 2018 was 12,588,727 and 29,478,813 respectively compared to 6 million and 13 million in the comparable 2017 periods last year net income for the three and nine month periods ended september 30 2018 was 421,240 and 11,968,255 respectively compared to net income of 655,309 and 632,269 in comparable 2017 periods earnings per share for the three and nine month periods ended september 30 2018 was nil and 0.12 respectively compared to earnings per share of 0.01 and 0.01 in the comparable 2017 periods so what are the 2018 third quarter highlights record revenue of 12.6 million in q3 2018 a 105 increase from the comparable prior year period operations for the quarter resulted in positive ebita and positive net income active patients increased to more than 50,000 this is the number that i like the number of patients okay this is what i continue to focus on 50,000 patients is a huge number a 61 increase from the comparable prior year period entered into supply agreements with nine canadian provinces to supply recreational cannabis across canada wow that's huge launched a fourth recreational brand peak leaf made our first shipment of cannabis oil to denmark that is international growth the only cannabis oil accepted in denmark love it partnered with australia's gold coast university hospital on a six-month study designed to evaluate the efficiency of cantra cbd capsules in slowing the progression of amyotropic lateral sclerosis al s progression partnered with McMaster university on medical cannabis research for chronic pain and for designing more effective safer treatment protocols in public health policies development subsequent to the quarter invested in national access cannabis corp n a c a canadian cannabis retailer entered into an exclusive partnership agreement with kindred partner zinc a wholly owned canadian subsidiary of breakthrough beverage group the canadian the largest canadian beverage alcohol broker to provide sales support for recreational products and to subscribe for 902 405 common shares for gross proceeds of 9.2 million expanded our global reach by entering into a strategic partnership with australian licensed producer cana trex limited with plans in place for construction of a 1.7 million wow million square foot greenhouse facility that's huge acquired a 19.4 acre property adjacent to our nigra greenhouse facility which allows us to expand production capacity strengthen our management team and board of directors so you can see here this is the growth in revenue so this is all very good this is all very promising a comprehensive discussion of cantress financial conditions and results of operations are provided in the company's management discussion and analysis and condensed interim consolidated financial statements filed with cedar and can be found on cedar.com management overview overview we are extremely pleased with our q3 results and are a testament to the success of this company and the incredible progress that we have made in such a short period of time with the opening of the recreational market and numerous opportunities that our company is poised to capitalize on this is only the beginning said eric paul chairman of the board the appointment of peter asetto as ceo a global recognized and seasoned professional will be the perfect complement to our leadership team and will lead our company into the next phase of rapid growth and and i look forward to building on this platform the legalization of the adult consumer recreational market is only the beginning of many new and exciting opportunities for the company and we look forward to boldly executing on our vision for cantrust both at home and abroad this is a huge company and they have made waves this year us listing the company is taking steps to list its common shares on the new york stock exchange and this is why they exploded today i believe that this news is circulating and bam look at the explosion today on news that they are going to go on the new york stock exchange up 30 percent that is an enormous jump huge explosion today after everything was read and i love the fact that they only have 105 million shares issued outstanding a 990 million market cap a price to earning ratio of 38.6 which compared to companies like canopy growth aurora camp aurora cannabis and till ray some of the other companies that coexist in the marketplace it's actually relatively reasonable so this is why i believe this is a stock that is exploding you need to put it on your radar put on your watch list you can see so much green today and cantrust is there number three on my list of all the stocks that i'm watching in my watch list and what a day for cantrust what do you think about this remember rich tv live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything that we talk about here on rich tv live you can see a lot of the stocks that we talk about every day had a day okay very exciting to see this it was amazing to see and we always knew that they would bounce back we'd never panic here rich tv live remember if you want to learn about all the breaking news you can just simply go to www.richtvlive.com all the breaking news is there absolutely free all the information you need with stocks is there cryptocurrencies you want to join our secret stock picks group we are growing so quickly we have our own social media platform and we've got facebook groups we've got a whatsapp group we've got groups on everywhere link it in instagram you name it we got our own podcast follow us there too we are literally everywhere and now you can also get featured on rich tv live click on feature and bam you can see our feature videos every single day if you want visibility and you want more investors to see your company private republic you too can be featured on rich tv live take a look at all the companies that are currently being featured on rich tv live so what do you guys think about this news i think this is a great company they have so much potential cnttf in america up 28 in america at seven dollars and six cents please comment down below let me know what you think about this news you can see that this is a company that over the last year is up 51 percent over the last three months is up 31 percent and over the last month alone is up 31 percent so most of this movement in the last day alone do you think this will continue do you think they will retract they have been as high as 11 dollars and 97 cents in america been as low as four dollars and 67 cents currently trading at seven dollars so what do you think look they're trading after hours up 0.76 percent so they're up to seven dollars and 11 cents trading up after hours so this is a very good sign do you think they will go back up to these higher levels if they do there's going to be a great opportunity for everyone to make some money so let's just take a look back here and you can see all the news and let's just quickly read a little bit about cantrust cantrust a frontrunner in the cannabis industry a federally regulated licensed producer and proudly a canadian company is leading the canadian and global market in producing standardized cannabis products started as canada's only pharmacist founded medical cannabis producer cantrust brings more than 40 years of pharmacy and health care experience to the medical cannabis industry cantrust currently operates its 450 000 square foot Niagara perpetual harvest facility the 600 000 square foot greenhouse expansion has begun and is fully funded the industry's broadest product portfolio is prepared and packaged at the 60 000 square foot manufacturing center of excellence in bon ontario cantrust is ready for cannabis 2.0 i love that cannabis 2.0 and is currently developing new products for future verticals that spend the medical recreational beauty wellness and pet markets love it cantrust is committed to research and innovation and as well as contributing to the growing body of evidence based research regarding the use of efficiency of cannabis its product development teams along with its exclusive global pharma partner apotex ink are diligently innovating and developing products that will make it easier for patients to use medical cannabis cantrust supports ongoing patient education about medical cannabis and has a compassionate use program to support patient with financial needs unbelievable this is a company that is doing all the right things and they are going to the new york stock exchange any such listing remains subject to the approval of the new york stock exchange it will happen you heard it here first and the satisfaction of all apolitical listing and regulatory requirements peter asetto added cantrust has firmly established itself as one of the top licensed producers in canada with a global platform rooted in science and innovation a us listing is a natural step forward in our evolution as we look to broaden our investor base and expand our business on an international scale and you heard to hear first from your boy rich if you're not winning you're not watching smash that like button comment down below subscribe for more updates we bring you updates 24 hours a day seven days a week it's true this is your boy rich cantrust explodes and i just told you why i'm out peace