Adult Use Products under the
LiivTM and
Synr.gTM Brands In Market for
Purchase
VAUGHAN, ON, Dec. 2, 2020 /PRNewswire/ - CannTrust Holdings
Inc. ("CannTrust" or the "Company") today announced it is returning
to the Canadian cannabis marketplace with two of its recreational
brands LiivTM and Synr.gTM.
"We are excited about the next chapter in our evolution,
returning to the Canadian marketplace to again provide consumers
with the quality LiivTM and Synr.gTM products
that we are known for," said Greg
Guyatt, Chief Executive Officer at CannTrust. "Furthermore,
we will be expanding our existing portfolio in 2021, with new
products to delight our consumers."
LiivTM and Synr.gTM products will become
available in December, with additional products and market
availability expected in early 2021. CannTrust will relaunch
its full line of medical products in the near future.
"CannTrust has built a stronger, more efficient business, to be
highly competitive in the Canadian cannabis market," said Guyatt,
"Ultimately, today is the result of an incredible amount of hard
work from our employees. We're thankful for the opportunity to get
back to giving our consumers access to the products they know and
love from CannTrust."
CannTrust remains under CCAA protection to facilitate its
efforts to resolve its alleged civil litigation exposures and
complete its review of strategic alternatives. These efforts are
ongoing and confidential, and the Company is unable to predict
either their timing or their outcome. In the meantime, the Company
remains without meaningful revenues and has terminated or laid-off
a significant portion of its workforce. With products once again in
the market, CannTrust remains focused on rebuilding stakeholder
trust and delivering quality, innovative products to its patients
and customers. For more information about CannTrust's CCAA
proceedings, please visit: www.ey.com/ca/canntrust.
About Liiv
Liiv is a Canadian recreational cannabis brand. Whether
consumers are looking for a boost in the morning or simply want
some help unwinding at the end of the day, Liiv's portfolio of
dried flower and extracts products has been designed to let them
live their way. Keep moving. Keep playing. Keep thinking. Keep
Liiving.
Liivcannabis.com
@liivcannabis
About Synr.g
Synr.g is a Canadian recreational cannabis brand. Synr.g is a
tastemaker, with a cannabis collection focused on flavourful
sensory experiences. From flavour packed dried flower strains to
easy-to-explore oil-based products, the portfolio is designed to
enhance special occasions. Synr.g is the cannabis brand that
elevates your social life and celebrations with those you're
closest to.
Synrgcannabis.com
@Synrgcannabis
Forward-Looking Statements
This press release contains "forward-looking information" within
the meaning of Canadian Securities laws and "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and other applicable
United States safe harbor laws,
and such statements are based upon CannTrust's current internal
expectations, estimates, projections, assumptions and beliefs and
views of future events.
Forward-looking information and forward-looking statements can
be identified by the use of forward-looking terminology such as
"believes", "expect", "likely", "may", "will", "should", "intend",
"anticipate", "potential", "proposed", "estimate" and other similar
words, including negative and grammatical variations thereof, or
statements that certain events or conditions "may", "would" or
"will" happen, or by discussions of strategy.
The forward-looking information and statements in this news
release include statements relating to the expectation that
CannTrust's recreational cannabis product will be available with
additional products and in additional provinces in early 2021 and
that its medical cannabis products will be available in the near
future. Forward-looking information and statements necessarily
involve known and unknown risks, including, without limitation: the
outcome of the Company's contingent liabilities; the impact of
potential regulatory investigations; the Company's review of
strategic alternatives; risks associated with general economic
conditions; adverse industry events; loss of markets; future
legislative and regulatory developments in Canada, the United
States and elsewhere; the cannabis industry in Canada generally; and, the ability of
CannTrust to implement its business strategies.
Any forward-looking information and statements speak only as of
the date on which they are made, and, except as required by law,
CannTrust does not undertake any obligation to update or revise any
forward-looking information or statements, whether as a result of
new information, future events or otherwise. New factors emerge
from time to time, and it is not possible for CannTrust to predict
all such factors. When considering these forward-looking
information and statements, readers should keep in mind the risk
factors and other cautionary statements in CannTrust's Annual
Information Form dated March 28, 2019
(the "AIF") and filed with the applicable Canadian securities
regulatory authorities on SEDAR at www.sedar.com and filed as an
exhibit CannTrust's Form 40-F annual report under the United States
Securities Exchange Act of 1934, as amended, with the United States
Securities and Exchange Commission on EDGAR at www.sec.gov (the
"March 2019 Form 40-F"). The risk
factors and other factors noted in the AIF could cause actual
events or results to differ materially from those described in any
forward-looking information or statements. Readers are also
reminded that CannTrust remains in default of its periodic
disclosure requirements under applicable securities laws and stock
exchange requirements, that its most recent AIF, Form 40-F and
other disclosures do not reflect all risk factors that currently
face the Company, and that the Company has not completed or filed
the restatements of the financial statements included in the AIF or
the March 2019 Form 40-F or otherwise
filed an amendment to such Form 40-F, and that the Company has
determined not to correct its prior filings or make any further
filings in respect of periodic disclosure requirements under
applicable securities laws and stock exchange requirements. None of
the Company's securities is listed for trading on any stock
exchange in any jurisdiction and, in Canada, trading in the Company's securities is
subject to a cease-trade order issued on April 13, 2020 by the Ontario Securities
Commission for CannTrust's failure to comply with its disclosure
obligations under applicable securities laws.
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SOURCE CannTrust Holdings Inc.