Pot company CannTrust terminates CEO Peter Aceto ‘with cause’ amid scandal over unlicensed growing

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 80%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

‘Our first priority is to complete the remaining items of our investigation and bring the company’s operations into full regulatory compliance’

CannTrust Holdings Inc. has fired its chief executive officer, Peter Aceto, and its current chairman has resigned after a tumultuous three weeks for the licensed producer sparked by a Health Canada investigation into unlicensed growing at it’s Pelham, Ont., facility.

Former American sports executive Robert Marcovitch, who led the company’s independent special committee investigation into the unlicensed growing, will assume the role of interim CEO. Marcovitch has been an independent director on CannTrust’s board since 2017. Both Aceto and chairman Eric Paul found themselves under increased scrutiny following a series of media reports this week that indicated they had prior knowledge of the unlicensed growing.

Aceto, the former CEO of Tangerine Bank, was brought in by CannTrust in early October 2018 to replace Paul, who hailed the banker for his “successful track record of strong leadership, deep operational knowledge and focus on delivering shareholder value,” in a statement put out by the company at the time. But his short tenure in the cannabis space was tested in early July, when Health Canada issued a non-compliance order to the Vaughan, Ont.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 10. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Business is booming at the BDC amid tech-driven push for faster lendingLoans of up to $750,000 can be delivered on an iPad app in less time than it takes to brew a pot of coffee
Fonte: nationalpost - 🏆 10. / 80 Consulte Mais informação »