CannTrust Holdings

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.» Mehr auf globenewswire.com

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.» Mehr auf benzinga.com

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.» Mehr auf marketwatch.com