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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (63964)7/30/2019 4:12:19 PM
From: Goose94Read Replies (1) | Respond to of 203330
 
Can'tTrust (TRST-T) board kept in dark on unlicensed grow room: Interim CEO

July 30, '19

The interim chief executive of CannTrust Holdings Inc. said the board was kept in the dark about unlicensed growing at its Ontario greenhouse and only learned of the allegations after Health Canada notified the pot company of its discovery.

Robert Marcovitch would not address questions about who gave the direction to start cultivating pot in five rooms before receiving government approval as its internal investigation is ongoing.

The former U.S. sports executive stepped into the top job at the Vaughan, Ont.-based cannabis company last week after it terminated its chief executive and demanded its board chair resign as Health Canada investigates allegations of illegal pot growing at a CannTrust greenhouse.

Last Thursday, CannTrust announced that it had "uncovered new information" during its ongoing investigation that prompted the board to fire its chief executive Peter Aceto "with cause."

Health Canada discovered during an unannounced inspection in June that the pot firm was growing cannabis in several rooms before securing government approval.

CannTrust disclosed the regulator's findings in early July and has since halted all sales and shipments as Health Canada continues its probe, which could potentially result in a suspension or termination of its cannabis licences and hefty fines.