CannTrust Fires CEO and Chair in Wake of Illegal Growing

CannTrust Holdings Inc. terminated with cause its CEO Peter Aceto, and demanded the resignation of board chair Eric Paul, who complied.

Cannabis Noacommendador

noacommendador/Adobe Stock

July 26, 2019

The cannabis company that was caught by Health Canada for growing the drug in unlicensed greenhouses has fired its CEO and the chair of the board in a major corporate shakeup.

Late Thursday, Vaughan, Ont.-based CannTrust Holdings Inc. terminated with cause its CEO Peter Aceto, and demanded the resignation of board chair Eric Paul, who complied.

The moves come after Health Canada announced earlier this month that it was investigating the company after it was found to have been growing cannabis in unlicensed rooms at one of its facilities in the Niagara Region.

Trulieve Announces Registration Statement Filing

All 4Front Subsidiaries File for Court-Appointed Receiver

Green Thumb Industries Reports $280M in Q1 Revenue

Tilray Brands Announces Proposed Reverse Stock Split

Trulieve Announces Registration Statement Filing

The cannabis company has no immediate plans to offer or sell any securities under the shelf registration.

Trulieve Resized

All 4Front Subsidiaries File for Court-Appointed Receiver

The company intends to continue operating during the receivership process and hopes the process will generate value for stakeholders.

4 Front Ventures Corp All 4 Front Subsidiaries File For Court App

Green Thumb Industries Reports $280M in Q1 Revenue

The cannabis company also reported $74 million in cash flow from operations and a GAAP net income of $8 million.

Green Thumb Image

Tilray Brands Announces Proposed Reverse Stock Split

The global cannabis company also announced a corresponding special stockholders meeting.

Tilray Brands Reports Quarterly Financial Results, Confirms No Tariff Impacts

The global cannabis company generated a net revenue of $186 million in the third fiscal quarter, verifying it has no current impacts from U.S. tariffs.

SNDL Reports Q4 and Full Year 2024 Financial and Operational Results

The company reported record full-year net revenue, gross profit and gross margin, as well as positive cash flow and free cash flow.

Sndl Inc Sndl Announces Overheads Restructuring Project And Ope

Ascend Wellness Reports $562 Million in 2024 Revenue

The cannabis company also reported its second full year of positive cash from operations and positive free cash flow.

Ascend Cannabis Top

The Cannabist Co. Reports $459 Million in 2024 Revenue

The cannabis company continues to complete divestitures, reduce operating and overhead costs, and refine its inventory assortment.

Green Thumb Industries Announces $50 Million Share Repurchase Program

The program authorizes the cannabis company to repurchase up to nearly 10.6 million subordinate voting shares during the next 12 months.

Adobe Stock

Green Thumb Industries Refinances Senior Debt, Closing on $150 Million Syndicated Credit Facility

The cannabis company intends to use the proceeds along with existing cash to retire its $225 million senior secured debt.

Green Thumb

Ascend Wellness Holdings Removes CEO, Terminates CFO

The cannabis company appointed board Director Samuel Brill to replace John Hartman as CEO. The company also appointed a new president and CFO.

Ascend Wellness Holdings

TerrAscend Offers $10 Million Share Repurchase Program

The company is authorized to repurchase up to 10 million shares but is not obligated to purchase any shares during the 12-month stock buyback program.

Page 1 of 183