Ontario Securities Commission Lawsuit Against Former Canntrust Executives Lands On Its Face
Ontario Securities Commission Lawsuit Against Former Canntrust Executives Lands On Its Face
The OSC's case fell apart when Litwin's lawyer Scott Fenton cross-examined Lee.The Ontario Securities Commission asked for a leave to withdraw the charges against former CannTrust Holdings Inc. (OTCEM:CNTTQ) CEO Peter Aceto, former chairman Eric Paul and former vice-chairman Mark Litwin on December 14th, reported Global News.
安大略證券委員會 要求一個 離開撤回 對前者的指控 康信控股股份有限公司 (其次:中國) 首席執行官 彼得·阿塞多, 前主席 埃里克保羅 及前副主席 马克·利特温 在十二月十四日日，報導全球新聞。
The three former executives were charged with fraud and authorizing, permitting or acquiescing in the commission of an offense. Litwin and Paul were also facing insider trading charges. Litwin and Aceto were charged with making a false prospectus and false preliminary prospectus.
該三名前高管被控以欺詐行為，並授權，允許或默認犯罪的佣金。利特溫和保羅也面臨內幕交易費用。Litwin 和 Aceas 被控犯了一份虛假招股章程及虛假的初步招股章程。
According to Graham Lee, a former director of quality and compliance, cultivation in unlicensed spaces was discussed "very openly" at the company.
根據 格雷厄姆李，質量和合規性的前總監，在未經許可的空間培養在公司「非常公開」討論。
The OSC's case fell apart when Litwin's lawyer Scott Fenton cross-examined Lee.
當利特溫的律師時，OSC 的案件崩潰 斯科特·芬頓 交叉檢查李。
Fenton presented Lee with the license for the facility issued under the Cannabis Act and Health Canada regulations to CannTrust on Nov. 9, 2018. It listed "standard cultivation and standard processing" as authorized activity at the lone building on CannTrust's property and did not specify any rooms.
芬頓於 2018 年 11 月 9 日向 CannTrust 頒發了根據《大麻法》和《加拿大衛生部法》頒發的設施許可證。它將「標準栽培和標準處理」列為 CannTrust 財產的孤獨建築中的授權活動，並沒有指定任何房間。
"Were you confused regarding the operation of the Cannabis Act and its regulations?" Fenton said.
「您對《大麻法》及其規定的運作感到困惑嗎？」芬頓說。
"At times," said Lee.
「有時候，」李說。
The three men were acquitted just one day later and freed of charges linked to the alleged unlicensed growing of thousands of kilograms of weed at CannTrust's Ontario facility near Niagara in 2019.
三個人 被判無罪 就在一天之後，釋放了與所謂的相關費用 未經許可的增長 2019 年，CannTrust 在尼亞加拉附近的安大略省工廠有數千公斤的雜草。
"The OSC had a reputation for a while for being weak on enforcement and this outcome doesn't help. This was a really high-profile prosecution that was supposed to really change that perception, and clearly with this outcome, the OSC is going to have some soul searching to do," said Doug Sarro, the lawyer and University of Toronto adjunct professor.
「OSC 在執法方面有一段時間的聲譽，這一結果並沒有幫助。這是一個非常引人注目的起訴，本來應該真正改變了這種看法，顯然有這個結果，OSC 將有一些靈魂尋找工作，」律師兼多倫多大學兼任教授 Doug Sarro 說。
This is the epilogue of the troubles that bankrupted the company since the audit by Health Canada in 2019.
這是自 2019 年加拿大衛生部審計以來使公司破產的麻煩的結尾。
Get your daily dose of cannabis news on Benzinga Cannabis. Don't miss out on any important developments in the industry.
獲取您每日劑量的大麻新聞 在苯甲大麻.不要錯過行業中的任何重要發展。
Photo: Benzinga; Sources: courtesy of AJEL, lindsayfox via Pixabay
照片:本辛加; 資料來源:禮貌阿傑爾, 林德塞福克斯通過皮克斯
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