[ad_1]

&#13
&#13

&#13

&#13
&#13

CannTrust Holdings Inc. says John Kaden has resigned as a member of the cannabis company’s board of directors.

The business says Kaden stepped down to concentrate on his function as co-founder, managing companion, and chief investment officer of Navy Capital Green Management LLC.

CannTrust has been beneath fire considering that it disclosed in July that Well being Canada had found illicit cultivation in unlicensed rooms at its Pelham, Ont., greenhouse.

The business later fired its CEO “with cause” and asked its chairman to resign soon after the board found new data throughout an internal investigation. Well being Canada suspended CannTrust‘s licenses to generate and sell cannabis in September.

Kaden joined the CannTrust board in October 2018 and served as a member of the specific committee that investigated the causes of the company’s non-compliance with Well being Canada regulations.

The specific committee lately completed its investigation and the business submitted a detailed remediation program to Well being Canada in hopes of regaining its cannabis licenses.

“With its remediation program now underway, I think CannTrust is nicely positioned to fulfil its commitments to each bring the business into complete regulatory compliance and seek the complete reinstatement of its licenses,” Kaden stated in a statement.

The Canadian Press

Featured Image: THE CANADIAN PRESS/Tijana Martin

&#13

&#13
&#13

&#13

&#13
&#13



[ad_2]