CannTrust Holdings Inc.’s independent auditor has withdrawn year-end and interim reports on the pot company’s financial statements due to “newly uncovered information.”
CannTrust said in a release Friday that KPMG LLP’s decision was prompted by information shared by the cannabis producer’s special committee of directors, which was created after a regulatory breach was disclosed in July. The Vaughan, Ont.-based company did not provide specific details on the information, but said in its release that it included information that led to the July 25 firing of CEO Peter Aceto and ouster of co-founder and chairman Eric Paul.
KPMG also said its decision was based on CannTrust cautioning against relying on its year-end and interim financial statements. KPMG will remain as the company’s auditor, CannTrust said.
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