Monday, September 15, 2025

CannTrust Insiders Sold Shares After Chair Informed of Illegal Cultivation

A report from Globe and Mail showed that Eric Paul and director Mark Litwin sold approximately $6-million of Canntrust Holdings (TSX: TRST) (NYSE: CTST) stock shortly after being informed in writing that CannTrust was illegally growing marijuana plants in unlicensed rooms.

Both Eric Paul and director Mark Litwin sold nearly $1-million worth of shares on Nov. 16 last year. Of course, this was the same day a CannTrust executive sent, and Mr. Paul replied to, an e-mail that outlined the company’s illicit growing operations.

We dodged some bullets….. [Health Canada] did not ask about RG8E/W, which are unlicensed rooms currently full of plants.”

Graham Lee, VP Compliance to Chairman Eric Paul, Leaked Email, Source: Globe and Mail

Cannamed Financial Corp, a holding company controlled by Chairman Paul and director Litwin sold nearly $6-million worth of shares in the weeks after Nov. 16 last year.

Of course, insider trading is not illegal, unless the executives possess information that would materially impact the stock price of the company; which clearly is the case here.

Paul was forced to resign as chairman last week.

If has been a tough month for CannTrust who is down approximately 57% from their 1 month high.


Information for this briefing was found via Globe and Mail and CannTrust Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

CannTrust Holdings Found To Have Shipped Illegal Product to Denmark

The saga unfolding this week for CannTrust Holdings (TSX: TRST) (NYSE: CTST) appears to have...

Tuesday, July 9, 2019, 03:53:16 PM

Canntrust Holdings to Destroy $77 Million Worth of Cannabis

Canntrust Holdings (TSX: TRST) (NYSE: CTST) announced early this afternoon that it is taking steps...

Monday, October 14, 2019, 01:49:58 PM

Bonify Holdings Reinstated: Is There Now Hope For Canntrust Holdings?

There might be hope for Canntrust Holdings (TSX: TRST) (NYSE: CTST) and its shareholders after...

Wednesday, October 23, 2019, 06:03:04 PM

CannTrust Loses European Partner STENOCARE

Another blow has come to CannTrust today when they found out Danish partner STENOCARE has...

Thursday, September 19, 2019, 12:07:53 PM

Canntrust Sees Filing Deadline Extended To April 16

It appears the end of the line is getting near for Canntrust Holdings (TSX: TRST)...

Wednesday, March 18, 2020, 08:21:59 AM