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CannTrust Jumps After Firing CEO Amid Breach at Cannabis Company

  • Follows report executives knew about unlicensed growing
  • The U.S. shares had lost 60% since the beginning of July
Peter Aceto at the CannTrust cannabis production facility in Fenwick, Ontario in 2018.

Peter Aceto at the CannTrust cannabis production facility in Fenwick, Ontario in 2018.

Photographer: Galit Rodan/Bloomberg
Updated on

CannTrust Holdings Inc. shares climbed after the board of the Canadian cannabis company fired its chief executive officer and forced out its chairman amid a scandal over a regulatory breach.

CEO Peter Aceto was fired “with cause” and chairman Eric Paul resigned at the request of the board, Vaughan, Ontario-based CannTrust said in a statement Thursday.