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CNTTQ (CannTrust Holdings Inc.) is no longer actively trading.
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Headquartered in Vaughan, Canada, CannTrust Holdings Inc. was established in 2015 as a Canadian enterprise focused on the cultivation, processing, and distribution of cannabis for both medicinal and recreational purposes. For its medical clientele, the company specifically offers dried cannabis flower and a range of cannabis extracts.
The Cannabis Cultivation market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. The Cannabis Cultivation market report covers market characteristics, size & growth, segmentation, regional & country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
CannTrust Holdings Inc., a Canadian licensed cannabis producer, with a portfolio of brands including estora, Liiv, Synr.g and XSCAPE, announced on Thursday that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization plan (CCAA) dated July 7, 2021, has been implemented. “The Company has contributed $50 million to a trust established to facilitate the class action settlements in full satisfaction of the actions against it and $2.7 million in trust for settlement of various claims under its CCAA proceedings,” announced the firm in a press release.
CannTrust Holdings Inc. said Thursday it's developing an "orderly wind-down plan" to maximize the value of its assets, because the company does not have sufficient liquidity to operate beyond the near term. The wind-down plan would be used if a financing or strategic transaction option cannot be finalized by the Canadian cannabis producer.
VAUGHAN, ON, July 16, 2021 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") (unlisted) announced today that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization dated July 7, 2021 (the "CCAA Plan") was sanctioned by the Ontario Superior Court of Justice (the "Court") in connection with the Company's restructuring proceedings under the Companies' Creditors Arrangement Act (the "CCAA"). Implementation of the CCAA Plan remains subject to a number of conditions, including the U.S. Approval Order being entered in the U.S. Class Action and the expiration of applicable appeal periods.
VAUGHAN, ON, April 30, 2021 /PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") (unlisted) announced today that it has obtained approval from the Ontario Superior Court of Justice (Commercial List) under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") for the Company's previously announced "debtor-in-possession" ("DIP") and CCAA Exit Credit Facility ("Credit Facility") arranged and agented by Cortland Credit Lending Corporation. As announced by the Company on April 20, 2021, the Credit Facility consists of a revolving loan under which repayments and additional drawdowns will be permitted from time to time, provided that the amounts owing under the Credit Facility shall not exceed the Borrowing Limit of C$22.5 million.