Tag : CannTrust

CCT Impact

CannTrust Completes CAD $17 million Financing, Exits CCAA

CCT IMPACT Agent
CannTrust Holdings Inc. (the “Company”) (unlisted) today announced that its subsidiary, CannTrust Equity Inc. (“CannTrust Equity”), has completed its previously announced financing for aggregate cash proceeds of approximately CAD $17 million, as approved by the Ontario Superior Court on February 25, 2022 (the “Financing”). A group of investors led by Marshall Fields International......
CCT Impact

CannTrust Announces Implementation of CCAA Plan, Settlement of Class Action Lawsuits and Board Changes

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company”) (unlisted) today announced that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization dated July 7, 2021 (the “CCAA Plan”) has been implemented. The implementation of the CCAA Plan follows its approval by the Ontario Superior Court of Justice on July 16, 2021 and the approval......
CCT Impact

CannTrust Announces Court Approval of Plan of Compromise, Arrangement and Reorganization

CCT IMPACT Agent
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......
CCT Impact

CannTrust Responds to Charges Laid Against Certain Former Directors and Officers

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company“)  has become aware of the press release issued today by the Ontario Securities Commission (the “OSC“) announcing that three former directors and officers at CannTrust (namely, Eric Paul, Peter Aceto and Mark Litwin) have been charged with offences under the Securities Act (Ontario) in connection with their alleged involvement......
CCT Impact

CannTrust Announces Change in Auditor

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company”) (unlisted) announced today that CannTrust and KPMG LLP (“KPMG”) have agreed that KPMG will not be completing the audits for the Company’s restated financial statements for the years ended December 31, 2018 and 2019 and will not stand for reappointment as the Company’s independent auditor......
CCT Impact

CannTrust Announces the Issuance of CCAA Representation Order – Appointment of Representative Counsel for the Securities Claimants

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company”) today announced the issuance of a CCAA Representation Order by the Ontario Superior Court of Justice subject to proceedings under Canada’s Companies’ Creditors Arrangement Act (“CCAA“). Today’s order appoints certain representatives to represent the interests of certain Securities Claimants and appoints counsel for them, subject to......
CCT Impact

CannTrust Returns to the Canadian Marketplace

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company”) today announced it is returning to the Canadian cannabis marketplace with two of its recreational brands LiivTM and Synr.gTM. “We are excited about the next chapter in our evolution, returning to the Canadian marketplace to again provide consumers with the quality LiivTM and Synr.gTM products that......
Market Watch

CannTrust Provides Default Status Report

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST,NYSE: CTST) today is providing a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), which require the Company to provide bi-weekly updates until such time as......
Market Watch

CannTrust Provides Default Status Report

CCT IMPACT Agent
CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST,NYSE: CTST) today is providing a status update in accordance with its obligations under the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), which require the Company to provide bi-weekly updates until such time as......
Cannabis News

CannTrust Statement Regarding Notice of Product Return at Ontario Cannabis Store

creativemind
CannTrust Holdings Inc. (“CannTrust” or the “Company”, TSX: TRST, NYSE: CTST) has received a notice from the Ontario Cannabis Store (the “OCS”), the Crown corporation in charge of wholesale distribution of cannabis products to licensed cannabis retailers in Ontario and the operator of Ontario’s online recreational cannabis store, advising the Company that the OCS......