CannTrust Announces Restructuring Support Agreement with Key Class Action Plaintiffs and their Counsel
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Parties agreed to settle litigation by way of CCAA Plan of Arrangement
VAUGHAN, ON, Jan. 20, 2021 /PRNewswire/ - CannTrust Holdings Inc. ( CannTrust or the Company ) (unlisted) announced today that it has entered into a Restructuring Support Agreement ( RSA ) with plaintiffs who have commenced litigation in Canada and the United States (the Securities Claims ) asserting claims against CannTrust and others on behalf of a global class of CannTrust shareholders (together, the Securities Claimants ) and their legal counsel. The RSA provides a comprehensive framework for settling the Securities Claims under a Court-approved plan of compromise, arrangement and reorganization ( Plan of Arrangement ) pursuant to the