Former CannTrust leaders to make first court appearance following fraud charges

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July 26, 2021 – Three former executives of CannTrust Holdings Inc. are expected to appear in an Ontario court today as they face charges related to an unlicensed growing scandal.

The cannabis company’s former chief executive Peter Aceto, former vice-chairman Mark Litwin, and former chairman Eric Paul each face charges of fraud, making false or misleading statements and authorizing, permitting or acquiescing in the commission of an offence.

Litwin and Paul are also facing insider trading charges and Litwin and Aceto are charged with making a false prospectus and false preliminary prospectus.

The Ontario Securities Commission and Royal Canadian Mounted Police announced the charges in June, roughly three years after CannTrust was found to be growing thousands of kilograms of cannabis in unlicensed rooms. City News 1130 reports. | READ MORE