Canadian producer’s purchase of Florida CBD company in danger

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The sale of a licensed CBD business in Florida to a Canadian medical cannabis producer is threatening to unravel amid a high-stakes lawsuit and allegations of a power grab that has splintered the directors of the dispensary targeted for acquisition.

According to a lawsuit filed by developer Jay Odom against his partners, the shareholders in Chestnut Hill Tree Farm have split over the pending sale of the CBD business to Aphria, a federally licensed Canadian MMJ grower, the Miami Herald reported.

The transaction is the product of a partnership between Aphria and Delavaco Group, a

Canadian producer’s purchase of Florida CBD company in danger is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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