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Vaughan, June 22, 2021 /PRNewswire/-CannTrust Holdings Inc. (“Canon Trust“Or”the company“) has been informed that the Ontario Securities Commission (“OSC“) announced the three former directors and officers of CannTrust (ie, Eric Paul, Peter Aceto with Mark Litwin) Has been charged with the crime Securities Law (Ontario) Involving their alleged concealment of CannTrust’s illegal cultivation of marijuana for 10 months in 2018 and 2019, and in the case of Paul and Mr. Litwin, they were suspected of trading while holding company shares. The importance of unauthorized cultivation , Undisclosed information. No allegations have been made against CannTrust, any of its subsidiaries or any current directors, officers or employees of CannTrust.
Mr. Paul is the former chairman of CannTrust and he resigned from all positions in the company in 2016 July 25, 2019, In response to the requests of other members of the CannTrust Board of Directors. The request was made after the recommendation of a special committee of the CannTrust board of directors, which was earlier appointed to investigate the company’s non-compliance with Health Canada regulations and ancillary matters. Mr. Aceto is the company’s former CEO. He was appointed by the CannTrust Board of Directors for July 25, 2019It is also the result of the special committee’s investigation and recommendations. Mr. Litwin served as a director and vice chairman of the company and resigned from the CannTrust board of directors in December 2016. March 12, 2021.
Since the special committee completed its investigation in 2019, CannTrust has been building a first-class governance and compliance structure and process. Regulatory compliance, risk management and effective supervision have become an indispensable part of all the company’s work.in August 2020, CannTrust’s…
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