CannTrust has secured new investment partners, led by Marshall Fields International B.V. ("Marshall Fields"), a subsidiary of Kenzoll B.V., a Netherlands-based private equity investment company.
"We are delighted to have found great partners who share our vision for the future of the Company. This is the culmination of two and a half years of hard work from the entire CannTrust team. We have remediated and improved our operations, restored our cannabis licenses, relaunched our business, settled all class action litigation against the Company and others, and now secured the right strategic partner." said Greg Guyatt, Chief Executive Officer, CannTrust. "As we begin this new era, we look forward to exiting CCAA and to sharing our plans for the future in the coming weeks, beginning with our new company name."
"CannTrust is a high-quality investment opportunity. We've been consistently impressed with the current business, its operations and management team and we're excited to be working together," said Corné Melissen, Owner, Kenzoll B.V. "Over the past few years, we have assembled business interests in the cannabis space in Africa and the Netherlands, with a world class management team dedicated to finding synergies where possible. We are confident that Canadian legalization will give rise to more jurisdictions following suit, and that CannTrust will provide us with the North American foundation and industry expertise to become a global leader."
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