What do you think canntrust Holdings aka phoena Could possibly be doing right now to restructure.And when do you think they will make their comeback

CannTrust Holdings and Phoena Holdings, its subsidiary, are likely to be actively working on several fronts to restructure and make a comeback in the cannabis industry. Here are some potential strategies they could be pursuing:

1. Strategic Partnerships and Equity Investments: CannTrust Holdings may be seeking strategic partnerships or equity investments from other cannabis companies or investors to bolster its financial position and support growth initiatives.
2. Cost Reduction Measures: The company could be implementing cost reduction measures, such as streamlining operations, reducing overhead, or renegotiating contracts with suppliers and distributors, to improve profitability.
3. Diversification of Revenue Streams: CannTrust Holdings may be looking to diversify its revenue streams by expanding into new markets or product segments within the cannabis industry.
4. Compliance and Regulatory Focus: CannTrust will need to prioritize compliance with regulatory requirements and address any outstanding legal issues to regain market confidence and support from stakeholders.
5. Asset Sales and Business Termination: The company may be exploring the sale of non-core assets or business units to reduce its liabilities and streamline operations.
6. Investor Relations and Capital Raising: CannTrust Holdings will be actively engaging with investors, exploring opportunities for new capital infusions or debt financing to support its restructuring efforts.
7. Bankruptcy Protection and CCAA Proceedings: CannTrust Holdings may be utilizing the Companies Creditors' Arrangement Act (CCAA) to initiate bankruptcy protection, allowing the company to restructure its debts and operations while safeguarding its assets from creditors' claims.

Regarding the timeline for their comeback, it is difficult to provide a specific estimate as it will depend on the complexity of the restructuring process and the ability of the company to address the underlying issues that led to its current situation. However, with the ongoing efforts and strategic initiatives, CannTrust Holdings could potentially make a comeback in the medium to long term, subject to market conditions and regulatory developments in the cannabis sector.