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A Nevada company that won a contract with Louisiana State University (LSU) to run the school’s medical marijuana grow operation is being targeted by a rival that is questioning the firm’s financial stability.
CB Medical finished second in the bidding process for the LSU contract, which was awarded in June to Las Vegas-based GB Sciences. Now, the company’s chairman, physician Kenneth Perego II, is alleging that GB Science’s finances are “at best shaky,” The Advocate reported.
Perego wrote to the LSU Board of Supervisors that a federal investigation into GB Sciences’ finances could be