CannTrust Names Greg Guyatt as New CEO, Months After Firing Previous Executive

Article by Global News

CANNABIS CannTrust names Greg Guyatt as new CEO, months after firing previous executive BY STAFF

Canadian pot grower CannTrust Holdings Inc on Thursday named Greg Guyatt as chief executive officer, months after it fired Peter Aceto following a Health Canada finding that the marijuana producer grew cannabis in unlicensed rooms.

CannTrust fired Aceto from the top role in July last year and named Robert Marcovitch as the interim CEO, more than two weeks after Canadian health regulator’s findings.

The regulator had canceled CannTrust’s license to produce and sell cannabis in September last year, pushing the company to announce reductions in its workforce to recoup losses.

The company said on Thursday it anticipates remediation activities at the company’s Vaughan facility to reach completion during the second quarter of 2020.

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