CannTrust’s Ex-CEO, Chairman Charged Over Hidden Pot Plants
- Executives accused of making false statements to regulators
- Former chief executive acted with ‘integrity,’ his lawyer says
Peter Aceto at a CannTrust production facility in October 2018.
Photographer: Galit Rodan/BloombergThis article is for subscribers only.
CannTrust Holdings Inc.’s former chief executive officer, chairman and a board director have been charged with fraud and other offenses related to breaches of cannabis growing rules in Canada.
The charges against former CEO Peter Aceto, former Chairman Eric Paul and former Vice Chairman Mark Litwin include making false statements to the Ontario Securities Commission and to the market, and authorizing or allowing other crimes, the regulator said Tuesday. Litwin and Paul were also charged with insider trading.