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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (109658)	1/8/2022 7:37:59 AM
From: Goose94	Read Replies (1) \| Respond to of 203330

Can'tTrust (TRST-T HALTED) on the brink of winding down amid liquidity shortfall CannTrust's final chapter may see the beleaguered cannabis producer wound down as a result of liquidity challenges it faces after dispersing $50 million to settle several class-action lawsuits. On Thursday, the company said it is in default of a minimum covenant tied to its EBITDA under terms of the debtor-in-possession loan it obtained after it was granted creditor protection. It stated in a release that it is in discussions with potential investors and strategic partners to determine if the company can continue, be wound down or its assets sold. CannTrust has less than $3 million in cash left on its balance sheet, according to court filings. The developments come years after federal regulators suspended CannTrust's licences after it was found to be growing thousands of kilograms of cannabis in unauthorized rooms at its Fenwick, Ont. facility. BNN.ca