CannTrust: Cannabis Firm CannTrust Announce Settlement of Class Action Lawsuits and Board Changes

CannTrust Holdings Inc., a Canadian licensed cannabis producer, with a portfolio of brands including estora, Liiv, Synr.g and XSCAPE, announced on Thursday that its Fourth Amended & Restated Plan of Compromise, Arrangement and Reorganization plan (CCAA) dated July 7, 2021, has been implemented. "The Company has contributed $50 million to a trust established to facilitate the class action settlements in full satisfaction of the actions against it and $2.7 million in trust for settlement of various claims under its CCAA proceedings," announced the firm in a press release. The implementation of the CCAA Plan follows its approval by the Ontario Superior Court of Justice on ...Full story available on Benzinga.com