Three former executives of CannTrust Holdings Inc. accused of securities charges related to an unlicensed growing scandal had their case remanded by an Ontario court until September.
During a virtual court session Monday, justice of the peace Warren Ralph agreed to remand the case involving the cannabis company's former chief executive Peter Aceto, former vice-chairman Mark Litwin, and former chairman Eric Paul to Sept. 20.
Aceto, Paul and Litwin, who each face charges of fraud, making false or misleading statements and authorizing, permitting or acquiescing in the commission of an offence, were scheduled to have a first appearance at the Old City Hall court on Monday.
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 quasi-criminal charges were announced in June by the Ontario Securities Commission, roughly three years after CannTrust was found to be growing thousands of kilograms of cannabis in unlicensed rooms.
Read more at bnnbloomberg.ca