Phoena set to shutter
The Canadian Press – Apr 10, 2023 / 7:20 am | Story: 420552

Photo: The Canadian Press
Phoenix Holdings Inc. plans to wind down its business and has obtained creditor protection for a second time.
Documents filed with the Ontario Superior Court of Justice, which granted the protection, show the Vaughan, Ont. cannabis company previously called CannTrust Holdings Inc. is insolvent and plans to liquidate its assets.
Interim chief executive Cornelis Pieter Melissen says in an affidavit that the company is pursuing a wind down because it has been unable to revive its business and generate

