공시 • Jul 09
CannTrust Holdings Inc., Annual General Meeting, Nov 30, 2022 CannTrust Holdings Inc., Annual General Meeting, Nov 30, 2022. 공시 • Feb 26
Ramphastos Investments N.V., Greg Guyatt, Jeffrey Zietlow, Daniel Koehn and Andrew Peppin agreed to acquire 90% stake in CannTrust Inc. from CannTrust Holdings Inc. (OTCPK:CNTT.Q). Ramphastos Investments N.V., Greg Guyatt, Jeffrey Zietlow, Daniel Koehn and Andrew Peppin agreed to acquire 90% stake in CannTrust Inc. from CannTrust Holdings Inc. (OTCPK:CNTT.Q) on February 25, 2022. Ramphastos Investments N.V. will have 18 months, from the date of closing, to exchange its shares in CannTrust Equity for common shares of CannTrust Holdings. The shareholders will retain 10% of the outstanding common shares through CannTrust Holdings. It is uncertain which employees will keep their jobs. McCarthy Tétrault LLP acted as the legal advisor and Ernst & Young LLP acted as the court-appointed monitor for CannTrust Holdings Inc. 공시 • Jan 20
CannTrust Holdings Inc. Announces Settlement of Securities Litigation After extensive negotiations, settlements have been reached to resolve all securities litigation against CannTrust Holdings Inc. ("CannTrust"), certain of its directors and officers, the underwriters of its May 2019 share offering, and its insurers ("Settlements"), including the securities class actions commenced in Canada and the United States (the "Actions"). The Actions sought to recover losses incurred by investors following CannTrust's announcement in July 2019 that it was not compliant with Health Canada regulations. The Settlements provide for approximately CAD 126 million (before legal fees and expenses) to be distributed to certain CannTrust shareholders, described below. The Settlements have been authorized by the Superior Court of Justice (Commercial List) in Canada and the U.S. Federal Court. The Settlements are subject to certain conditions. A separate settlement notice packet was mailed in connection with the U.S. class action and was directed to members of the U.S. Settlement Class ("U.S. Settlement Notice"). The courts have appointed the law firms A. Dimitri Lascaris Law Professional Corporation, Henein Hutchison LLP, Kalloghlian Myers LLP, Strosberg Sasso Sutts LLP, Labaton Sucharow LLP, and Weisz Fell Kour LLP to represent the interests of certain CannTrust shareholders, including the Class Members. The law firms have received court approval of a legal fee to be paid to them out of the gross settlement amount. 공시 • Oct 01
Labaton Sucharow LLP Announces U.S. Class Action Settlement Involving Purchasers of CannTrust Holdings Inc. Common Stock Pursuant to Rule 23 of the Federal Rules of Civil Procedure and an Order of the United States District Court for the Southern District of New York, that Court-appointed U.S. Class Action Lead Plaintiffs, on behalf of themselves and all members of the proposed U.S. Settlement Class, and defendant CannTrust and several other defendants in this proposed class action lawsuit, have reached eight proposed settlements of the majority of the claims in the above-captioned U.S. class action, as well as actions pending in Canada and California, in amounts totaling approximately CAD 83,000,000[1] in exchange for releases of liability. The proposed Settlements will be implemented pursuant to an amended and restated plan of compromise, arrangement and reorganization of CannTrust, CannTrust Inc. and Elmcliffe Investments Inc., pursuant to Canada's Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended, which was approved by the Ontario Superior Court of Justice by a "sanction order" entered on July 16, 2021. Implementation of the CCAA Plan requires, among other things, approval of the Settlements as they relate to the U.S. Class Action by the U.S. Court. The CCAA Plan provides for, inter alia, the restructuring of CannTrust so that it can emerge from insolvency, the administration of the Settlements for the benefit of CannTrust's investors, and the handling of unsettled claims related to the alleged wrongdoing at issue in the Actions. A telephonic hearing will be held before the Honorable J. Paul Oetkenon, December 2, 2021, at 12:30 p.m.New York time to determine whether the Court should: (i) approve the proposed Settlements, as they relate to the U.S. Class Action, as fair, reasonable, and adequate; and (ii) approve the proposed Allocation and Distribution Scheme for distribution of the proceeds of the Settlements to U.S. Settlement Class Members. The Court may change the date of the Settlement Hearing without providing another notice. 공시 • Mar 19
CannTrust Holdings Inc. Announces Board Appointments CannTrust Holdings Inc. announced that, pursuant to section 124(1) of the Business Corporations Act (Ontario), its board of directors has appointed Greg Guyatt and Dan Hogan as directors of the company. Greg Guyatt has been Chief Executive Officer of the company since February 2020, having joined the company as Chief Financial Officer in February 2019. Previously, he served as the CFO of GreenSpace Brands Inc. 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 planning, risk management, financial reporting and treasury. Greg has a wealth of M&A and capital markets expertise, having begun his career at Deloitte, before spending several years as an investment banker with UBS in the United Kingdom. Dan Hogan is the former Head of Strategic Priorities at the company. Dan brings strong operations, finance and executive leadership skills to the board. He also has extensive experience in restructuring, remediation, continuous improvement, and strategic development. Prior to joining the company, Dan was the CEO of eBags Inc. Prior to that, he was the Chief Operating Office and Chief Financial Officer of the Coleman Company. Dan also brings international experience, having been responsible for operations and businesses in Europe, Asia, Latin America, and North America at Georgia-Pacific, World Kitchen, Coleman, and eBags. 공시 • Mar 14
CannTrust Holdings Inc. Announces Change to Board of Directors CannTrust Holdings Inc. announced that Mark Litwin has resigned from the Company's board of directors and the boards of directors of all subsidiaries. In addition, Stan Abramowitz, the Secretary of the Company, has resigned as an officer of CannTrust and as a director or officer of all subsidiaries. The Board has appointed David Blair, who is CannTrust's interim Chief Financial Officer, as the Secretary of the Company. 공시 • Jan 22
CannTrust Holdings Inc. Announces Restructuring Support Agreement with Key Class Action Plaintiffs and Their Counsel CannTrust Holdings Inc. announced 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 Companies' Creditors Arrangement Act (Canada) ("CCAA"). The RSA contemplates that the Securities Claims will be settled as part of a broader restructuring of the Company and its subsidiaries pursuant to a Plan of Arrangement that will be completed under the CCAA. Implementation of the Plan of Arrangement will be subject to several conditions, including negotiation of mutually satisfactory definitive documentation and approval of the Plan of Arrangement by the Ontario Superior Court of Justice (Commercial List) (the "Ontario Court") in the CCAA proceedings. The RSA requires the parties to negotiate in good faith to finalize the terms of definitive agreements and the Plan of Arrangement on terms consistent with the terms of the RSA and to cooperate in good faith during the mediation ordered by the Ontario Court on May 8, 2020 (the "Mediation"). In addition, the RSA requires the other parties to cooperate with CannTrust to pursue and support the settlement of the Securities Claims in the manner contemplated by the RSA. The RSA also contemplates the resolution, pursuant to the Plan of Arrangement, of all claims against CannTrust and certain other defendants in the Securities Claims, including Greg Guyatt, Mark Dawber, John Kaden, Robert Marcovitch, Shawna Page, Mitchell Sanders and Cajun Capital Corporation. Upon the implementation of the Plan of Arrangement, CannTrust will, among other things, pay CAD 50 million into a trust that will be established for the benefit of the Securities Claimants. The RSA permits other defendants to elect to join in the settlement of the Securities Claims pursuant to the Plan of Arrangement, subject to certain conditions. 공시 • Jan 09
CannTrust Holdings Inc. Announces Launch of New Medical Brand estora CannTrust Holdings Inc. announced it is re-entering the Canadian medical cannabis market with its new medical brand estora and will begin serving patients immediately. estora builds on CannTrust's foundation of consistent, high quality products, with a focus on providing superior patient care in every interaction, connecting patients, health care practitioners and partners with the educational resources and products they need to navigate each patient's unique medical cannabis journey. Many products are available for sale immediately through the newly launched ecommerce site www.estoramedical.com. CannTrust remains under CCAA protection to facilitate its efforts to resolve its civil litigation claims and complete its review of strategic alternatives. These efforts are ongoing and confidential, and the Company is unable to predict either their timing or their outcome. In the meantime, with the reinstatement of its cannabis licenses and the ongoing restoration of its operations, CannTrust's re-entry into the medical cannabis business segment is an important part of its focus on rebuilding trust by delivering quality, innovative products to its patients and customers.