CannTrust Holdings Inc. (TSX: TRST) and Breakthru Beverage Group announced on September 10th the two companies have partnered together to represent CannTrust products. An affiliate of Breakthru will purchase a little over 900,000 shares of CannTrust for a total of $9,231,600. The company also has an option to purchase 2 million more shares at a price that is equal to a 15% discount.
Breakthru has agreed to invest into CannTrust and to create a brokerage company that is focused on sales of CannTrust products. Additionally, the company has positioned itself as a strategic partner with CannTrust and views CannTrust as a future leader in cannabis markets.