VANCOUVER — The BC Securities Commission says Vancouver businessman Arthur Griffiths has agreed to pay $30,000 for securities violations after investors in a cannabis company he headed lost their money.

The commission says Griffiths — the former owner of the Vancouver Canucks and Vancouver Grizzlies — was the chief executive officer of RoccaVerde Wellness Corp. in 2019 when the company sold more than $192,000 in shares to investors without filing a required prospectus document outlining the investment.

A settlement agreement between Griffiths and the commission says the company retained "finders" to seek out "accredited investors" before Griffiths became a company director, but that he took "insufficient steps" after being brought on to make sure the finders were following regulations.

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