CannTrust Holdings obtained approval from the Ontario Superior Court of Justice under the Companies’ Creditors Arrangement Act for the company’s previously announced DIP and CCAA exit credit facility, which was arranged and agented by Cortland Credit Lending.

CannTrust Holdings secured a commitment for a debtor-in-possession and CCAA exit credit facility from Cortland Credit Lending. CannTrust will use the proceeds to fund working capital needs and to support the restoration of its operations.