Today's news re TRST.
"The Globe and Mail reports in its Friday edition that the Ontario Securities Commission has opened an investigation into Canntrust Holdings. The Globe's David Milstead and Mark Rendell write that OSC spokesman Kristen Rose said the Joint Serious Offences Team, a partnership among the OSC, the RCMP's Financial Crime Program and the Ontario Provincial Police Anti-Rackets Branch, is conducting the investigation. Ms.Rose said, "To protect the integrity of our investigation, we will not be providing any further details or comment." Canntrust, which disclosed the OSC probe Thursday, is already under investigation by Health Canada for growing thousands of kilograms of pot in unlicensed rooms in its greenhouse facility in Pelham, Ont., in late 2018 and early 2019. Canntrust has halted all sales pending the outcome of the investigation. It said the OSC on Thursday contacted the legal counsel for the special committee of the company's board that was set up to review the situation. The OSC advised it "that an investigation has been opened into matters and parties related to Canntrust." It offered no further comment on that matter. Canntrust has established a freeze on MEDby directors, officers and other insiders."
MY PREVIOUS POSTING OF EARLY JULY SHOWS 2 OUT OF 4 PREDICTIONS CONFIrmed and last still probable!!
Lawyers who I have confidence in their knowledge, have
suggested the following will happen
HC via RCMP will lay criminal charges against Board members who ordered the fraudulent production of cannabis. The workers will not be charged.
A 1 million dollar fine to the company will be levied.
The seized cannibis will be destroyed.
The persons criminally charged should be dismissed by the company and replacements be assignment by the remaining Board members and voted on by the shareholders NOT considered criminal.
Makes sense to me but we will see soon.
