/PRNewswire/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") (unlisted) today announced that its Fourth Amended & Restated Plan of Compromise,.
CannTrust or the
Business Corporations Act (Ontario), its board of directors (the
Board ) has appointed Greg Guyatt and Dan Hogan as directors of the Company. As a result of today s announcement, the Board is now comprised of Robert Marcovitch (chair), Mark E. Dawber, Greg Guyatt, Dan Hogan, Shawna Page and Mitchell Sanders.
Greg Guyatt has been Chief Executive Officer of the Company since February 2020, having joined CannTrust as Chief Financial Officer in February 2019. Previously, he served as the CFO of GreenSpace Brands Inc., a Canadian-based premium natural food product company, and brings more than 20 years of experience leading high-performing finance teams from the CPG, retail, pharmaceutical and private equity sectors. From 2009 through 2016, he held increasingly senior finance roles at Sears Canada, and prior to that spent seven years in the pharmaceutical industry. In these roles, he had responsibility for a broad portfolio including governance, strategic planni
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