VAUGHAN, ON, May 29, 2020 /CNW/ - CannTrust Holdings Inc. ("CannTrust" or the "Company") announced that it has received notice from Health Canada that the Company's licenses for its Fenwick Perpetual Harvest Facility (the "Fenwick facility") have been reinstated. CannTrust has been working in collaboration with Health Canada for many months to identify and address the Company's regulatory deficiencies. On February 14, 2020, the Company announced that it had completed its remediation activities at the Fenwick facility, and that documentation in support of license reinstatement had been submitted to Health Canada.
VAUGHAN, ON , May 15, 2020 /CNW/ - On March 31, 2020 , CannTrust Holdings Inc. (the "Company") announced that the Company and certain of its subsidiaries (collectively, "CannTrust") were granted protection pursuant to an order issued under the Companies' Creditors Arrangement Act by the Ontario Superior Court of Justice (the "Court") and that Ernst & Young Inc. was appointed monitor (in such capacity, the "Monitor"). In addition, the Court approved CannTrust's agreement engaging Greenhill & Co. Canada Ltd (the "Financial Advisor") as financial advisor. On May 8, 2020 , the Court issued an order (the "SISP Order") authorizing and directing CannTrust to undertake a sale and investment solicitation process (the "SISP").
Marijuana stocks have plunged so severely that they may need to take drastic measures to avoid being delisted.