CannTrust Holdings Inc. announced that it has obtained approval from the Ontario Superior Court of Justice (Commercial List) under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") for the Company's previously announced "debtor-in-possession" ("DIP") and CCAA Exit Credit Facility ("Credit Facility") arranged and agented by Cortland Credit Lending Corporation. As announced by the Company on April 20, 2021, the Credit Facility consists of a revolving loan under which repayments and additional drawdowns will be permitted from time to time, provided that the amounts owing under the Credit Facility shall not exceed the Borrowing Limit of CAD 22.5 million. The Credit Facility will have a term of 12 months, which may be extended for an additional 12 months upon mutual agreement. The Credit Facility will be secured by a first-ranking security interest over all assets of CannTrust, subject to certain Permitted Encumbrances and certain excluded assets and, during the pendency of the CCAA Proceedings, a first-ranking super-priority DIP financing charge, subject to some limited exceptions. Funds advanced under the Credit Facility will be used to fund CannTrust's working capital needs and support the restoration of its operations, so that CannTrust can continue to rebuild stakeholder trust while delivering quality, innovative products to its patients and consumers.