Ontario court to hear case of former CannTrust leaders charged with securities offences


TORONTO — The Ontario courtroom of justice is predicted to listen to opening arguments right this moment in a case towards three former CannTrust Holdings Inc. leaders accused of securities offences.

Peter Aceto, Eric Paul and Mark Litwin are dealing with prices roughly three years after the pot firm they ran was discovered rising hundreds of kilograms of hashish in unlicensed rooms.

The lads have been charged with fraud and authorizing, allowing or acquiescing within the fee of an offence.

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Powerful ruling towards former hashish leaders might ship message, say consultants

Litwin and Paul are additionally dealing with insider buying and selling prices, and Litwin and Aceto are charged with making a false prospectus and false preliminary prospectus.

The fees have been first laid by the Ontario Securities Fee in June 2021, across the similar time executives instructed shareholders the Vaughan, Ont. firm was compliant with laws.

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The three males not work for CannTrust, which is now referred to as Phoena Holdings Inc., and preserve they’ve at all times complied with the legislation.

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