CannTrust Equity Inc. subsidiary of CannTrust Holdings Inc. has completed its financing for aggregate cash proceeds of approximately CA$17 million ($13.25 million), as approved by the Ontario Superior Court on February 25, 2022.
A group of investors led by Marshall Fields International B.V., a subsidiary of Kenzoll B.V., a Netherlands-based private equity investment company, has invested CA$11.2 million to acquire a 90% equity interest in CannTrust Equity and provided a CA$5.5 million secured credit facility to CannTrust Equity, which is subordinated to the existing $22.5 million credit facility arranged by Cortland Credit Lending Corporation. The company retains the remaining 10% of the common shares of CannTrust Equity.
