
: Canadian cannabis company CannTrust developing 'orderly wind-down plan' after debt default #FinanceUSA #StockMarketNEWS CannTrust Holdings Inc. said Thursday it's developing an "orderly wind-down
@stockMarketNEWS Sun 09 Jan, 2022
Canadian cannabis company CannTrust developing 'orderly wind-down plan' after debt default #FinanceUSA #StockMarketNEWS
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. The company said it has contributed million to a trust to facilitate class action settlements in "full satisfaction of the actions against it." It also set aside a .7 million trust for settlement of claims under its fourth amended and restated plan of compromise, arrangement and reorganization dated July 7. The company said it's currently in default of its minimum Ebitda covenant under its financing plan. The company's current stay period ends on Jan. 31. CannTrust has also accepted the resignation of four board members including chairman Robert Marcovitch. The company remains in talks with potential investors and strategic partners.
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS

: India’s manufacturing sector grew in Dec: PMI #FinanceIndia #StockMarketNEWS #Business IANS New Delhi India’s manufacturing industry continued to grow in December 2021, albeit at a slower
@stockMarketNEWS Tue 04 Jan, 2022

: ‘COVID insurance policies to cover Omicron treatment’ #FinanceIndia #StockMarketNEWS #Business PTI New Delhi Insurance regulator Irdai on Monday said health insurance policies that cover
@stockMarketNEWS Tue 04 Jan, 2022
0 Comments
Sorted by latest first Latest Oldest Best