April 01, 2024
A CanaFarma Hemp Products Corp. co-founder who pled guilty to claims that he lied about the company's prospects in order to raise $14 million has become the last of four executives to reach a partial agreement resolving the U.S. Securities and Exchange Commission's civil claims.
February 23, 2024
A Manhattan federal judge has barred a hemp company executive from participating in securities trade, after the executive was convicted of fraud and as a suit by the U.S. Securities and Exchange Commission alleging he schemed to misappropriate $1.8 million in investor funds remains pending.
November 29, 2023
Two executives of CanaFarma Hemp Products Corp. who pled guilty to claims they were part of a scheme to raise $15 million for the company on the strength of misrepresentations about its business have reached partial agreements to resolve parallel U.S. Securities and Exchange Commission claims.
October 05, 2021
The U.S. Securities and Exchange Commission and federal prosecutors have accused hemp company CanaFarma Hemp Products Corp. of misleading potential investors about its business prospects to raise $15 million, of which it allegedly misappropriated $4 million for the company owners' personal expenses.