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Curaleaf chairman accused of squeezing troubled Portland marijuana firm ahead of its sale

By Annie 3 years ago

Legal Adult Recreational Use Cannabis Sales Start in N.J. — Curaleaf purchased Portland-primarily based Cura Cannabis in 2020. Dave Hernandez | For NJ Progress

The 2020 sale of a troubled Portland marijuana firm was beset by disputes around the selling price, which fell by around $600 million amid preventing between investors and the consumer, according to new litigation.

Oregon entrepreneur Nitin Khanna, accused of securities fraud previously this yr by some of his former organization partners, filed a $516 million counterclaim this 7 days alleging he was really the target of a scheme that decreased the payout of his cannabis business enterprise.

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