Winnipeg Free Press By: The Canadian Press
VAUGHAN, Ont. - CannTrust Holdings Inc. says it will create a $50-million trust to settle claims from class action lawsuits filed after the company was found growing cannabis in unlicensed rooms two years ago.
CannTrust employees work with cannabis products at their packaging and extraction facility in Vaughan, Ont., on Wednesday, Dec. 19, 2018. CannTrust Holdings Inc. says it will create a $50-million trust to settle claims from class action lawsuits filed after the company was found growing cannabis in unlicensed rooms two years ago. THE CANADIAN PRESS/Nathan Denette
VAUGHAN, Ont. - CannTrust Holdings Inc. says it will create a $50-million trust to settle claims from class action lawsuits filed after the company was found growing cannabis in unlicensed rooms two years ago.
CannTrust to create $50M trust to settle lawsuits, signs restructuring agreement | iNFOnews
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Cresford Developments
After a year of litigation and negotiation most of the 492 preconstruction purchasers in the insolvent Clover on Yonge condominium project have agreed to a reorganization plan that will allow the Concord Group of Companies to finally finish the 44-storey building in downtown Toronto.
“It took longer than we expected,” said David Gruber, a lawyer with Bennett Jones LLP, who represented Concord. “Our original thinking was we’d get where we are now around September. There were bumps along the way, but our original thinking turned out to be right that everybody’s interests were aligned in that you’re going to get a better outcome than if [Clover] were just sold in receivership.”
/EIN News/ CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE)
Distinction Energy Corp. (formerly named Delphi Energy Corp.) (“
Distinction” or the “
Company”) announces that, effective January 15, 2021, the warrant certificate representing 3,348,799 class A common share purchase warrants of the Company (the “
Warrants”) issued to Kiwetinohk Resources Corp. (“
KRC”) was amended and restated to, among other things, facilitate an early exercise of the Warrants, which KRC exercised on January 15, 2021 at an aggregate exercise price of $40 million. As a result of the exercise, KRC acquired 3,348,799 class A common shares in the capital of the Company (“
Common Shares”), resulting in KRC owning 4,870,980 Common Shares, representing 50% plus 1 of the issued and outstanding Common Shares on a fully diluted basis (excluding Common Shares issuable upon exercise of the existing stock options of the Company (“
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