June 25, 2021
Three former directors of embattled Canadian cannabis producer CannTrust, including its former chief executive officer, have been charged with offenses such as fraud and making false or misleading statements.

The charges are the culmination of a nearly two-year joint investigation by the Ontario Securities Commission (OSC) and Royal Canadian Mounted Police (RCMP) after a whistleblower alerted Canada’s cannabis regulator in July 2019 to five unlicensed cultivation rooms the company had been operating since late 2018.

Canada posted record cannabis sales for the second consecutive month in April, with adult-use marijuana retailers in British Columbia and Ontario leading the way.

April’s online and in-store sales of regulated cannabis amounted to 309.7 million Canadian dollars ($251 million), 3.8% higher than March’s CA$298.3 million, according to Statistics Canada’s latest figures.

Sustainability is the next frontier that the cannabis industry needs to conquer, according to a Canadian CEO whose company is making moves to reduce and offset carbon emissions.

Now, he’s challenging others to follow suit.

The goal for Hexo Corp. is ambitious: Offset the company’s operational carbon emissions and the personal emissions of roughly 1,200 employees to become 100% carbon neutral by September.

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