CannTrust Weed Cultivation Scandal Prosecution Falls Apart

CannTrust Weed Cultivation Scandal Prosecution Falls Apart
High Times

Prosecutors with the Ontario Securities Commission (OSC) told a Canadian court on Wednesday that they had no reasonable expectation of gaining a conviction against three former executives of the cannabis firm CannTrust Holdings and asked to withdraw charges against the men. But defense lawyers for former CannTrust CEO Peter Aceto, former chairman Eric Paul and former vice-chairman Mark Litwin have asked the judge for a full acquittal in the case. “After careful review of the evidence during the trial, we are of the view that as charged, there is no reasonable prospect of conviction,” OSC lawyer Dihim Emami told Victor Giourgas, the judge presiding over the case. The case involved allegations that Aceto, Paul and Litwin had overseen the illegal cultivation of thousands of kilograms of cannabis for Canada’s regulated market. In July 2019, CannTrust revealed that Health Canada, the country’s national health department and chief federal regulator of the cannabis industry, had determined that the company’s cultivation facility in Pelham, Ontario was found to be non-compliant with some regulations. The company had accepted the finding, noting that five rooms being used to grow cannabis at the Ontario facility were not properly licensed for cultivation between October 2018 and March 2019. The rooms were not fully licensed to cultivate cannabis until April 2019. “Our team has focused on building a culture of transparency, trust and excellence in every aspect of our business, including our interactions with the regulator,” Aceto said at the time in a statement from CannTrust. “We have made many changes to make this right with Health Canada. We made errors in judgment, but the lessons we have learned here will serve us well moving forward.” The OSC alleged that the defendants claimed in corporate disclosures that CannTrust’s cannabis operations were fully compliant with regulations. Aceto, Litwin and…

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Source : CannTrust Weed Cultivation Scandal Prosecution Falls Apart

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