Ex-CannTrust execs to keep seeking acquittal after OSC says no prospect of conviction

TORONTO –

Lawyers for 3 former hashish leaders charged with offences linked to unlicensed rising are anticipated to proceed looking for an acquittal for his or her shoppers in courtroom in the present day.

The legal professionals’ request was first made Wednesday, when the Ontario Securities Commission revealed it not had an affordable prospect of conviction in opposition to Peter Aceto, Eric Paul and Mark Litwin.

An OSC lawyer requested the courtroom Wednesday to adjourn the matter till Thursday, so he may evaluate case regulation Litwin’s lawyer mentioned would help the case being wound up.

Former CannTrust Holdings Inc. chief govt Aceto, former chairman Paul and former vice-chairman Litwin pleaded not responsible earlier this 12 months to a number of offences associated to unlicensed rising at a Niagara-area facility owned by the pot firm.

They had been every charged with fraud and authorizing, allowing or acquiescing within the fee of an offence.

Litwin and Paul had been additionally dealing with insider buying and selling expenses, and Litwin and Aceto had been charged with making a false prospectus and false preliminary prospectus.

This report by The Canadian Press was first printed Dec. 15, 2022