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Home » Blogs  »  Canada: B.C. court orders former U.S. cannabis CEO to pay $7.4M after offshore deal collapses
Canada: B.C. court orders former U.S. cannabis CEO to pay $7.4M after offshore deal collapses

B.C.’s Supreme Court has ordered a former cannabis company executive to pay more than $7.4 million after he engaged in a high-stakes financial workaround designed to bypass U.S. securities regulations. Handed down Feb. 12, the decision from Justice Simon R. Coval found Nicholas Vita was fully liable for a debt he guaranteed through an offshore […]

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