#CannTrustHoldingsInc; #investigation; #OntarioSecuritiesCommission
Ottawa, Aug 2 (Canadian-Media): CannTrust Holdings Inc., leading federally licensed provider of medical cannabis, is being investigated by the Ontario Securities Commission (OSC) after it was found out that the company was growing cannabis without a license, media reports said.
Kristen Rose, OSC Spokesman. Twitter handle
CannTrust, federally licensed provider of medical cannabis and a recipient of seven Canadian Cannabis Awards in 2018, including the top award as the 'Licensed Producer of the Year'.
OSC spokesperson Kristen Rose said that the investigation is being conducted by the Joint Serious Offences Team, a partnership among the OSC, the RCMP’s Financial Crime Program and the Ontario Provincial Police Anti-Rackets Branch, and added, “In order to protect the integrity of our investigation, we will not be providing any further details or comment.”
CannTrust is already under investigation by Health Canada for growing cannabis in unlicensed rooms at its Pelham facility between October 2018 and March 2019 and had seized 5,200 kilograms of cannabis in early July.
(Reporting by Asha Bajaj)