Irwin Simin CEO TLRY Irwin Simon of TLRY founded Hain Celestial and transformed the company into a billion dollar market cap. The probe was unrelated to him and was largely cleared from the investigation. Irwin Simon did have shares of Hain and his departure was planned and voluntary.
The commission’s statement in December did not name anyone besides the firm, and noted that there was no monetary penalty imposed on the firm due to “extensive cooperation with the SEC’s investigation, which included self-reporting (the issues) and remediation efforts.”
Simon, Aphria’s newly appointed board chair, was chief executive of Hain Celestial, the company he founded, until he stepped down in November, a planned departure that had been announced in June. He remains a shareholder.
Hain CEO seeks to reassure shareholders after probe finds no financial wrongdoing
- Lengthy accounting probe cleared Hain Celestial of wrongdoing and found "no material change" needed to previous financials.
- Hain CEO Irwin Simon says "now is the time to move on and build our business."