CannTrust execs linked to unlicensed growing caused 'incredible' damage, court hears - BNN Bloomberg

Dihim Emami, a lawyer for the Ontario Securities Commission, said in a Toronto court Monday that by not disclosing the unlicensed growing at CannTrust Holdings Inc., Peter Aceto, Eric Paul and Mark Litwin caused"incredible" damage."Ultimately, investors rely on the representations that CannTrust made and unfortunately it was to their detriment," said Emami, in his opening statements made at the Ontario court of justice's Old City Hall court.

The charges against Aceto, Paul and Litwin were laid in June 2021, after a months-long investigation conducted by the OSC and the Royal Canadian Mounted Police. The regulator and RCMP found the men allegedly did not disclose to investors that about 50 per cent of the growing space at the facility was not licensed by Health Canada.

Addario described how his client joined CannTrust as its chief executive officer in 2018, just as cannabis was about to be legalized.

Cann'tTrust

another example to ask yourself 'why trade stocks, when you can trade futures?' insiders don't give a sheeet about common shareholders and tell their friends first about inside info common shareholders last to know, and get left holding the bag .

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