Tuesday, June 22, 2021

CannTrust Holdings criminals in deep chit

CannTrust Holdings' former CEO Peter Aceto, former board chair Eric Paul and former director Mark Litwin face a number of charges, including fraud, related to the company's illegal cannabis-growing scandal. They could face up to five years in jail if convicted in a quasi-criminal case led by the OSC. Eric Paul
Mark Litwin
CannTrust illegally grew millions of dollars worth of cannabis over a 10-month period in 2018 and 2019. During that time, the three did not disclose that half of the growing space at the company's facility in Pelham, Ont. was not licensed. The three men face charges including fraud, insider trading, making misleading statements to the OSC and the market, and issuing false prospectus documents.