July 8, 2020
Insurance Costs to Protect Leaders as
Investors Sue
In This News Story: Rounds Consulting

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TORONTO — Canadian and U.S. cannabis companies are facing a spike in already high costs of insurance to protect top executives from personal liability, following a slew of lawsuits by disgruntled investors alleging fraud and misinformation, with more such action expected.

Some of the biggest cannabis companies, including Medmen Enterprises, Canopy Growth, CannTrust Holdings, Aphria Inc and Columbia Care, have faced shareholder litigation, accusing leaders of false claims, failing to act in the interest of all shareholders and attempts to defraud investors.

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WE DO NOT OWN THIS CONTENT – IT WAS COPIED FROM THE NEW YORK TIMES

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