Beleaguered cannabis company CannTrust Equity Inc. has been renamed Phoena Holdings Inc.
Phoena will be 90 per cent owned by investors led by a subsidiary of KenzollB.V., a Netherlands -based private equity investment company, and 10 per cent owned by CannTrust Holdings Inc. The creditor protection came after the Vaughan, Ont.- based company behind the Liiv, SYNR.G, Xscape and Estora brands was found growing thousands of kilograms of cannabis in unlicensed rooms between 2018 and 2019.
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