My “Experts” have come up with some possible actions By Health Canada
First, the terminated Mr.Peter Aceto and the resignated Mr. Eric Paul will be criminally charged by OSC, RCMP and Ontario Police.
They believe Their sale of $6 million dollars by the two will be demanded to be repaid. Other monetary claims may be made as well.
Also, ALL shares held by these persons will be seized and cancelled!
Any other employees who were aware of the attempted fraudulent production of the cannabis will be subject to criminal charges. The “I was just following orders” is NOT a legal excuse!
The question of what should be done with the illegally produced 12,700 Kilograms of cannabis a more difficult question to be decided by Health Canada.
They could decide to destroy the cannabis. But the federal and provincial government would lose the tax revenue.
There is a shortage of cannabis in Canada.
Since the shares of those who were found criminally at fault will be seized, perhaps Health Canada will mitigate the losses of legal shareholders by returning the cannabis to the company. I CAN DREAM
There will be some financial penalty charged to TRST as well.
There are 2 possible scenerios that Health Canada possibly would consider. Allow the new management group, under strict rules of compliance. OR A THIRD PARTY BY ANOTHER approved Cannabis company would purchase the company
Personally, I feel the shares of TRST should have been halted at the first report of a possible problem . But shareholders buy any shares of any company realising that there is RISK
