$30 million deal requires court approval, set for March 26
OSC failed to prove any of its allegations against dealer, investment banker
Court will consider firm's appointment by Traynor Ridge Capital's receiver
Cannabis companies involved in failed joint venture settle suits
Panel found respondent couldn't mount proper defence without access to confidential evidence
Rep fined, banned after borrowing from clients, misleading dealer
Observers felt a strong ruling would have sent a message to other pot companies and comforted investors who lost money
Sanctions include market bans, costs, but no financial penalties
CannTrust has since renamed itself Phoena Holdings and exited creditor protection in March
Ex-CEO sanctioned for trading after issuing misleading press releases