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by Mike Caswell

Robert Quattrocchi, one of those charged by federal prosecutors in Chicago for an insider trading scheme involving Canadian Securities Exchange listing Goodness Growth Holdings Inc., has admitted to the allegations against him. Prosecutors claim that he was part of a group of country club friends that traded ahead of a $413-million takeover offer for Goodness Growth in 2022. (All figures are in U.S. dollars.) One of the men was an insider at the company that made the takeover offer, CSE listing Verano Holdings Corp.

Mr. Quattrocchi's admission of guilt is contained in a deferred prosecution agreement filed on Feb. 4, 2025, in federal court in Chicago. While similar, the agreement is not the same as a guilty plea. Mr. Quattrocchi has agreed to assist the government and, if prosecutors deem his co-operation to be sufficient, they will drop the charges against him. His co-operation is to include testifying at any trial. Mr. Quattrocchi has also agreed that he will serve 50 hours of community service.

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