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

Just Posted

Construction begins on 180-unit rental complex in Penticton

Rental community with 138 two-bedroom units and 42 one-bedroom units to be built on old trailer park

Professional misconduct lands Penticton lawyer $15k fine

Daniel Kay Lo fined $15,000 by B.C. Law Society after admitting to five counts of misconduct.

Highway 97 petition founder encouraged by public’s reaction

Printed out, the list of 26,000 names creates a stack of paper four inches thick.

RDOS hears concerns about 5G wireless technology

Potential safety concerns raised as communications technology expands

Mental health disorders, suicide on the rise among Okanagan students

The survey was conducted by the McCreary Centre Society in 2018

UPDATE: Protesters say they will maintain blockade near Chase “as long as it takes”

Signs at protest site say in solidarity with Wet’suwet’en

Petition seeks to remove local police department from Lindsay Buziak murder case

American woman starts online petition in hopes of helping Buziak family

Deaths on popular Shuswap trail ruled accidental

B.C. Coroners Service reports on fatal falls in May and July 2019

Study says flu vaccine protected most people during unusual influenza season

Test-negative method was pioneered by the BC Centre for Disease Control in 2004

Saskatchewan and B.C. reach championship round at Scotties

British Columbia’s Corryn Brown locked up the last berth in Pool B

‘Chain reaction pile up’ closes southbound traffic on Coquihalla Highway

Black Press Media has reached out to RCMP, paramedics for details

Federal minister to speak in North Okanagan

Greater Vernon Chamber welcomes middle class prosperity minister to talk money

B.C. lawyer, professor look to piloting a mental-health court

In November, Nova Scotia’s mental-health court program marked 10 years of existence

EDITORIAL: Thoughtless posts to Facebook cause real harm and stress

At the risk of resembling a broken record, it needs to be… Continue reading

Most Read