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164RESTRUCTURING SUPPORT AGREEMENT THIS AGREEMENT is made as of January 19, 2021 between: CannTrust Holdings Inc., CannTrust Inc., CTI Holdings (Osoyoos) Inc. and Elmcliffe Investments Inc. (the CannTrust
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CannTrust announces restructuring support refers to the company's initiative to gain financial stability and restructure its operations to address financial challenges and compliance issues.
Typically, the management of CannTrust along with legal and financial advisors are required to file for restructuring support on behalf of the company.
Filling out CannTrust's restructuring support involves completing specific legal documents that outline the company’s financial situation, restructuring plan, and any related agreements with creditors.
The purpose is to facilitate a reorganization of the company's debts and operations, allowing it to emerge solvent and continue its business activities.
The report must include financial statements, details of outstanding debts, a plan for future operations, and compliance with applicable laws.
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