The
The order came after the company said its board of directors carefully considered the business's cash position and available alternatives only to determine creditor protection was in its best interest.
Field Trip now intends to conduct an expedited sale and investment solicitation process with the goal of reaching a deal that enables it to emerge from creditor protection.
It also says it carried out a "companywide" reduction impacting an unspecified number of corporate and clinical staff, and chairman and chief executive
Trading in the company's securities has been suspended and its common shares are being transferred to the NEX Board of
This report by The Canadian Press was first published
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