Cannabis
 

July 18, 2019

 
 
Top cannabis picks
 
CannTrust CEO Peter Aceto, who built an image as corporate innovator, now faces biggest test
  CannTrust CEO Peter Aceto, who built an image as corporate innovator, now faces biggest test
 

Joe Castaldo

Not long after Peter Aceto joined CannTrust Holdings Inc. as CEO in October, he wrote a column in this newspaper about the rapidly evolving cannabis sector and the adventure awaiting the bold pioneers who decided to follow him. “To be global trailblazers is both motivating and rewarding,” he wrote. “It’s going to be a wild ride.”

 
Mr. Aceto’s prediction is turning out to be accurate. The banking-turned-cannabis executive, who built his personal brand on trust and transparency, stands at the head of a company accused of using false walls to hide illegally grown cannabis plants. Health Canada issued a non-compliance order to CannTrust for growing thousands of kilograms of cannabis in unlicensed rooms at its greenhouse in Pelham, Ont., between October, 2018, and March. Provincial wholesalers in Ontario and Alberta stopped selling CannTrust products on Thursday, and later that evening the company halted all sales while Health Canada conducts an investigation. Analysts are concerned that CannTrust could lose its growing licence.

 
“This has not been the best week of my career,” Mr. Aceto said in an interview. His own reputation is at stake, too, although he deflected such concerns. “I was brought in here for a reason,” he said. “The reason was to help professionalize this company and help professionalize this industry.”

 
 
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  CannTrust probe, sector woes hurt push for U.S. pot legalization, experts say
 

Andrew Willis

 
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  Allegations against CannTrust are a black eye for the entire cannabis industry
 

Jeffrey Jones

 
Mergers and Acquisitions Reporter
 
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  CannTrust stock plummets as crisis deepens, wholesalers halt shipments
 

Armina Ligaya

 
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Aurora Cannabis wins contract to supply medical cannabis to Italy
  Aurora Cannabis wins contract to supply medical cannabis to Italy
 
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HR and OHS can better manage cannabis in the workplace by working together
HR and OHS can better manage cannabis in the workplace by working together
 

Bill Howatt and Charles Boyer

 
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California pot regulators struggling with job, audit says
 

Michael R. Blood

 
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Health Canada revokes licences of pot producer Agrima Botanicals
 
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I learned the hard way how strong pot is today
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Catherine Fogarty

 
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In case you missed it: From the archives
 
Pot edibles could drive up your life insurance premiums
Pot edibles could drive up your life insurance premiums
 

Armina Ligaya

 
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Cannabis Professional content  "Crunch time”: Q&A with Michael Ruscetta of Trichome Financial
 

Mark Rendell

A year ago, a business plan scribbled on the back of a napkin was virtually all you needed to raise money for a Canadian cannabis company. There were plenty of hedge funds willing to pump money into the market and flip the stocks to retail investors, eager to ride the green wave.

 
Things have changed over the past 12 months, as industry hype has met poor financial results, product shortages and a slow roll-out of retail stores. It is becoming increasingly difficult for private cannabis companies, or small-to-mid size publicly traded firms to raise the capital.

 
Trichome Financial Corp., which will begin trading on the TSX Venture Exchange next month, is hoping to step in where the equity markets are leaving off, offering private loans to LPs, retailers, and ancillary companies desperate for the capital needed for expansion.

 
Marc Lustig of Origin House (formerly called CannaRoyalty Corp.), and Aaron Salz of Stoic Advisory, launched the company in early 2018 out of the Origin House offices. Today it has its own offices and is led by Michael Ruscetta, who used to run private investment fund RCM Partners Inc.

 
 
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