CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs
CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs
DJ CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs
By Stephen Nakrosis
Cannabis company CannTrust Holdings Inc. on Wednesday said it entered into a restructuring support agreement with key plaintiffs and their counsel involved in a class action suit.
According to CannTrust, the parties will settle the litigation by way of Canada's Companies' Creditors Arrangement Act.
"The RSA provides a comprehensive framework for settling the Securities Claims under a Court-approved plan of compromise, arrangement and reorganization," CannTrust said.
Greg Guyatt, chief executive, said "Today's announcement represents a significant milestone towards the resolution of substantially all of the civil litigation claims that were filed against CannTrust following the company's non-compliance with certain Health Canada regulations."
"Although much work remains to conclude the matters contemplated by the RSA, I am pleased that, in addition to relaunching our medical and recreational businesses, we are also making further tangible progress to exit from the CCAA and put CannTrust in a position to be a successful player in the cannabis industry," Mr. Guyatt added.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
January 20, 2021 15:51 ET (20:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
DJ CannTrust Entered Restructuring Support Deal with Key Class Action Plaintiffs
DJ CannTrust與關鍵集體訴訟原告達成重組支持協議
By Stephen Nakrosis
作者：斯蒂芬·納克西
Cannabis company CannTrust Holdings Inc. on Wednesday said it entered into a restructuring support agreement with key plaintiffs and their counsel involved in a class action suit.
大麻公司CannTrust Holdings Inc.週三表示，它與參與集體訴訟的主要原告及其律師達成了重組支持協議。
According to CannTrust, the parties will settle the litigation by way of Canada's Companies' Creditors Arrangement Act.
根據CannTrust的説法，雙方將通過加拿大公司債權人安排法解決訴訟。
"The RSA provides a comprehensive framework for settling the Securities Claims under a Court-approved plan of compromise, arrangement and reorganization," CannTrust said.
CannTrust説：“RSA根據法院批准的妥協、安排和重組計劃，為解決證券索賠提供了一個全面的框架。”
Greg Guyatt, chief executive, said "Today's announcement represents a significant milestone towards the resolution of substantially all of the civil litigation claims that were filed against CannTrust following the company's non-compliance with certain Health Canada regulations."
CannTrust首席執行官格雷格·蓋亞特(Greg Guyatt)表示：“今天的聲明是一個重要的里程碑，標誌着在CannTrust違反加拿大衞生部的某些規定後，針對該公司的幾乎所有民事訴訟都得到了解決。”
"Although much work remains to conclude the matters contemplated by the RSA, I am pleased that, in addition to relaunching our medical and recreational businesses, we are also making further tangible progress to exit from the CCAA and put CannTrust in a position to be a successful player in the cannabis industry," Mr. Guyatt added.
蓋亞特補充説：“雖然在完成RSA所考慮的事項方面還有很多工作要做，但我很高興，除了重新啟動我們的醫療和娛樂業務外，我們在退出CCAA方面也取得了進一步的切實進展，使CannTrust能夠成為大麻行業的成功參與者。”
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
--寫信給斯蒂芬·納克希爾斯，電子郵件：stehen.naksim@wsj.com
(END) Dow Jones Newswires
(完)道瓊通訊社
January 20, 2021 15:51 ET (20:51 GMT)
2021年1月20日15：51美國東部時間(格林尼治標準時間20：51)
Copyright (c) 2021 Dow Jones & Company, Inc.
版權所有(C)2021年道瓊斯公司
譯文內容由第三人軟體翻譯。
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