U.S. SEC charges cannabis firm Cronos, former exec with accounting fraud

This post was originally published on this site

Cronos and the former executive, William Hilson, offered to settle the matter, without admitting or denying the SEC’s findings, by agreeing to cease and desist from future violations of the charged provisions, the SEC said.

The SEC said it decided against a financial penalty for the company given “its timely self-reporting, significant cooperation, and remediation.”