Matt Maurer was quoted in the Financial Post

Matt Maurer was quoted by the Financial Post about the OSC’s first court proceeding involving a publicly traded cannabis company. 

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Industry observers say cannabis companies’ future regulatory compliance is at stake as a case against three former leaders of CannTrust Holdings Inc. begins.

Charges were first laid by the Ontario Securities Commission in June 2021, about three years after CannTrust was found to be growing thousands of kilograms of cannabis in unlicensed rooms.

The case — the OSC’s first court proceeding involving a publicly traded cannabis company — is scheduled to begin at the Ontario court of justice in Toronto on Monday. If it ends with a strong ruling in favour of the financial regulator, many believe the case could deter other pot companies from skirting the law.

“When this whole CannTrust thing came out, it caused a lot of people to pause and stop cutting corners that they were cutting before because they were concerned for what might happen,” said Matt Maurer, a partner at Torkin Manes LLP and co-chair of its cannabis law group.

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