Cannabis plants are photographed during the grand opening event for the CannTrust Niagara Greenhouse Facility in Fenwick, Ont., on June 26, 2018. CannTrust Holdings Inc. says John Kaden has resigned as a member of the cannabis company’s board of directors. The company says Kaden stepped down to focus fully on his role as co-founder, managing partner, and chief investment officer of Navy Capital Green Management LLC. THE CANADIAN PRESS/Tijana Martin

CannTrust director John Kaden steps down from cannabis company’s board

CannTrust has been under fire since it disclosed that Health Canada had discovered illicit cultivation

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

The company says Kaden stepped down to focus on his role as co-founder, managing partner, and chief investment officer of Navy Capital Green Management LLC.

CannTrust has been under fire since it disclosed in July that Health Canada had discovered illicit cultivation in unlicensed rooms at its Pelham, Ont., greenhouse.

The company later fired its CEO “with cause” and asked its chairman to resign after the board discovered new information during an internal investigation. Health Canada suspended CannTrust’s licenses to produce and sell cannabis in September.

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

The special committee recently completed its investigation and the company submitted a detailed remediation plan to Health Canada in hopes of regaining its cannabis licenses.

“With its remediation plan now underway, I believe CannTrust is well positioned to fulfil its commitments to both bring the company into full regulatory compliance and seek the full reinstatement of its licenses,” Kaden said in a statement.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Just Posted

Eastbound lanes of Harvey Avenue closed after car crash

A mini-van and a car collided at the intersection of Dilworth and Harvey Avenue.

Icewine harvesting underway in Okanagan

Hundreds of tonnes of grapes expected to be harvested this year for icewine in surrounding Okanagan area

City of West Kelowna proposes 4.8% tax increase for 2020

Tax increase will generate $2.3 million more in revenue in comparison to 2019 budget, city says

Nominations for Kelowna Chamber of Commerce “40 Under Forty” now open

The chamber said the search for “Best of the Best” is on

Kelowna city council approves off-leash dog beach on Lake Avenue

This is the fourth off-leash dog beach to be implemented in Kelowna

Fireballs to fill the sky Friday for brightest meteor shower of the year

Geminid meteor shower features colourful, brighter, longer shooting stars

Province sues over sailing incident that killed teen with disabilities

Gabriel Pollard, 16, died from injuries after marine lift failed

First Nations want Big Bar landslide cleared ASAP to allow fish passage

Leadership calling for urgent action and resources to remove obstruction on the Fraser

Assessed value of Lower Mainland homes expected to decrease in 2020

Other areas of province may see modest increases over last year’s values

Book examines history of B.C. wine industry

Author Luke Whittall has studied the growth of the industry from the mid-19th century to today

Chilliwack family’s therapy dog injured in hit and run

Miniature pit bull Fifty’s owner is a single mother facing close to $10,000 in vet bills

Competitive Christmas decorating takes sarcastic turn in Princeton

It’s not uncommon for neighbours to good-naturely compete with one another when… Continue reading

Most Read