Tausi Insider

A former director of quality and compliance at CannTrust Holdings Inc. says the growth of cannabis in unlicensed rooms was discussed “very openly” at the pot company. Graham Lee told the Ontario court of justice’s Old City Hall court that the activity was not hidden or denied and was discussed on multiple occasions, even with members of the senior leadership team. His remarks come as three former executives at the cannabis company face a series of securities offenses. Peter Aceto, Eric Paul and Mark Litwin have pleaded not guilty to fraud and authorizing, permitting or acquiescing in the commission of an offence. 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 charges are linked to unlicensed growing that allegedly occurred at a Niagara, Ont. area facility owned by CannTrust, which is now called Phoena Holdings Inc. https://www.tausiinsider.com/former-canntrust-complian...

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An employee helps a customer at the Fire and Flower store in Ottawa on April 1, 2019, as the first legal cannabis stores open in the province of Ontario. CHRIS WATTIE/Reuters Chad Finkelstein is a business lawyer and registered trademark agent at Dale & Lessmann LLP in Toronto, with a focus on franchising, licensing, distribution, retail and cannabis. Currently, approximately 1,500 cannabis stores are open or approved in Ontario, 450 in British Columbia and 760 in Alberta (these being the three most populous provinces that have privatized cannabis retail operations). In most cities, one might find two or more cannabis stores on the same block, at the same intersection or within the same plaza. People often express confusion about, or even resentment toward, this concentration of cannabis stores, and wonder how any of them could make money, or why anybody would want to open one, or how this could have come about. It’s a question with no easy answers. To pin it on any one factor wo...