CannTrust Hires Advisor for Review, Could Result in Sale

CannTrust Holdings (NYSE: CTST) is seriously considering its future. The company announced in a tersely worded press release that it has retained a financial advisor to "assist in a review of strategic alternatives." One of those alternatives could be the sale of the company.

The advisor is Greenhill & Co. Canada, the north-of-the-border branch of New York-based investment bank Greenhill & Co. Technically, it was hired by the special committee formed by and from CannTrust's board of directors. CannTrust provided neither the terms nor the costs of Greenhill's assistance.

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