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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Youth voyageur canoeing program being developed in Vanderhoof

New Caledonia Paddlers Club are collaborating with SD91 and NVSS to develop the program.

COVID-19: 23 non-profits funded in northern B.C. through emergency support fund

Both Vanderhoof and Fraser Lake have received funding through United Way’s first round of allocations.

Vanderhoof man dead following two-vehicle collision on Canada Day

The incident occured on Highway 97C near Barnes Lake Road in Ashcroft.

Police investigate July 2 homicide in Houston

Man succumbed to injuries at Pearson Road residence

Homicide investigation underway in Prince George

A 26-year-old woman has died as a result of stabbing.

Kamloops RCMP officer’s conduct under review after blackface jokes on social media

Meinke’s Instagram is private and it’s unclear when the posts were made

NHL says 35 players have tested positive for COVID-19 since June 8

Positive rate for the league is just under 6%

Man charged in Rideau Hall crash had rifle, shotguns, high-capacity magazine: RCMP

Hurren is accused of threatening to cause death or bodily harm to the prime minister

B.C. extends income assistance exemption for COVID-19

Provincial program to match Ottawa’s CERB, student pay

Broadway veteran Nick Cordero dies from coronavirus complications

During Cordero’s hospitalization, Kloots sent him daily videos of her and their 1-year-old son, Elvis,

Northern communities welcome tourists as province opens to in-B.C. travellers

Officials have asked British Columbians to be careful as they travel this summer

Most Read