CannTrust Holdings Inc. has launched three new cannabis extract formulations to meet the growing demand for oil-based products. The new formulations are designed to fill previously unmet needs within the Canadian medical market, identified through market research and the Company’s long-standing relationships with thousands of medical cannabis patients and their healthcare practitioners.
CannTrust’s three new product formulations are:
- High Dose CBD Capsules (25mg/capsule) – the highest dose CBD capsules currently available in Canada;
- High Dose CBD Drops (50mg/mL); and
- Low Dose 1:1 Capsules (2.5mg CBD: 2.5mg THC).
All three products are now available for purchase from CannTrust via the company website and Customer Care Centre (1-855-RX4-CANN).
The three new formulations increase CannTrust’s award-winning portfolio of capsules and oils to nine products which are available to the Company’s 69,000 medical patients.
Cannabis Oil Segment Growing
The cannabis oil segment has recently experienced significant growth. From January 2018 to September 2018, Health Canada reported a 29 per cent increase in the category. CannTrust has recently made capital investments to enhance the Company’s extraction equipment, which the Company believes will triple its annual capacity.
CannTrust is a global leader in medical cannabis oil, including capsules, selling 3,707 liters during Q4 2018, which accounted for 27% of the Canadian market share. The new product formulations are an example of the Company’s continued innovation of its product offerings for both medical and adult-use consumers.
“As a company that has prioritized the medical market since our inception, creating products and formulations to meet the needs of patients and healthcare practitioners in Canada and globally has always been, and will always remain, our primary focus,” says Peter Aceto, CEO of CannTrust. “Continuing to grow our offering of cannabis oils and capsules also demonstrates our commitment to leading innovation in the medical market and our belief in the medicinal value of cannabis.”