Breach of contract

Canmart Ends CEO Service Agreement; Akanda Approves Appointment of Director

Retrieved on: 
Thursday, February 16, 2023

International medical cannabis platform company Akanda Corp. (“Akanda” or the “Company”) (NASDAQ: AKAN) today announced its subsidiary Canmart Ltd. brought Tejinder Virk’s Service Agreement dated June 2, 2021 (the “Service Agreement”) to an immediate end with effect from February 13th, 2023.

Key Points: 
  • International medical cannabis platform company Akanda Corp. (“Akanda” or the “Company”) (NASDAQ: AKAN) today announced its subsidiary Canmart Ltd. brought Tejinder Virk’s Service Agreement dated June 2, 2021 (the “Service Agreement”) to an immediate end with effect from February 13th, 2023.
  • As disclosed on February 7th, 2023, the Company disclosed Mr. Virk’s attempt to end the Service Agreement without providing the requisite period of notice required under the Service Agreement, his interpretation of the Service Agreement, and allegations of Breach of Contract.
  • The Akanda Board of Directors is searching for a candidate to succeed Mr. Virk as Chief Executive Officer and Executive Director.
  • On February 13th, 2023, the Board of Directors of the Company also met to approve the appointment of David Jenkins as a Director of the Company.

NAD Capital: Boosh Plant-Based Brands, Inc. and Beanfields Sued

Retrieved on: 
Tuesday, November 22, 2022

The lawsuit was filed in Los Angeles and relates to Boosh Plant-Based Brands February 2022 acquisition of Beanfields Snacks, Inc.

Key Points: 
  • The lawsuit was filed in Los Angeles and relates to Boosh Plant-Based Brands February 2022 acquisition of Beanfields Snacks, Inc.
  • The lawsuit alleges that Boosh Plant-Based Foods made various misrepresentations about the health of its business and failed to make required payments in return for its introduction and referral to Beanfields Snacks, Inc., and for ongoing strategic counsel, operational and consulting services performed related to the 2022 acquisition of Beanfields Snacks, Inc.
  • The lawsuit further alleges that Boosh falsely represented itself as a viable concern, yet was undercapitalized, did not maintain corporate formalities and did not pay regular dividends to shareholders, thereby committing fraud.
  • Plaintiff is represented by law firm Bird, Marella, Boxer, Wolpert, Nessim, Drooks, Lincenberg & RHOWP.C.

AHF Sues Apexus Over Failed 340B Drug Price Negotiations

Retrieved on: 
Tuesday, November 22, 2022

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20221121005983/en/
    Apexus, which has an exclusive contract to manage the Prime Vendor Program (PVP) of the Health Resources and Services Administrations (HRSA) 340B drug pricing program, is responsible for negotiating drug price discounts for AHF and other eligible non-profit health care facilities participating in the 340B drug discount program (known as covered entities).
  • AHF brought this civil action to recover the many millions of dollars lost due to Apexus failure to conduct timely and successful price negotiations on our behalf in violation of the exclusive contracts Apexus entered into with HRSA, said David Gruen, AHF attorney.
  • The 340B drug pricing program is a government administered, but privately funded program that requires drug manufacturers to sell outpatient drugs at a reduced price to eligible health organizations such as AHF on behalf of their patients.
  • It is housed under HRSA and costs the government nothingthe discounted drug pricing comes directly from participating drug companies.

Goodness Growth Holdings Extends Expungement Efforts with Three Free Clinics

Retrieved on: 
Wednesday, November 16, 2022

MINNEAPOLIS, Nov. 16, 2022 /PRNewswire/ -- Goodness Growth Holdings, Inc. ("Goodness Growth" or the "Company") (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, today announced that it has continued its efforts to help individuals impacted by non-violent cannabis convictions with three free expungement clinics.

Key Points: 
  • Company-sponsored expungement clinics hosted in Maryland, Minnesota and New Mexico
    MINNEAPOLIS, Nov. 16, 2022 /PRNewswire/ -- Goodness Growth Holdings, Inc. ("Goodness Growth" or the "Company") (CSE: GDNS; OTCQX: GDNSF), a physician-led, science-focused cannabis company and IP developer, today announced that it has continued its efforts to help individuals impacted by non-violent cannabis convictions with three free expungement clinics.
  • During the month of October, Goodness Growth led two expungement clinics in Maryland and New Mexico.
  • Thanks to a partnership with Maryland Legal Aid, Goodness Growth plans to host additional virtual clinics on a quarterly basis.
  • In addition to holding expungement clinics throughout the country, Goodness Growth partners with the Last Prisoner Project ("LPP") in support of its Roll It Up for Justice campaign.

Curd, Galindo & Smith, LLP, Files Lawsuit Against New Leaf Service Contracts, LLC, on Behalf of Howard’s Appliances, Inc.

Retrieved on: 
Monday, November 15, 2021

The filing named New Leaf Service Contracts, LLC, a Texas limited liability company, as the defendant in the case.

Key Points: 
  • The filing named New Leaf Service Contracts, LLC, a Texas limited liability company, as the defendant in the case.
  • The complaint states that Howards contracted with New Leaf to implement, maintain, and administer service contracts in the form of warranties for products sold to Howards customers from January 2016 through December 2020.
  • As the warranty provider, New Leaf would be responsible for investigating, processing, adjusting, and paying valid claims covered by the Service Contracts.
  • A copy of the Howards Appliances Inc. vs. New Leaf Service Contracts, LLC lawsuit is available here: https://bit.ly/3n9OeEY .

Jushi Holdings Inc. Receives ~$14.4 Million Interim Arbitration Award

Retrieved on: 
Friday, July 30, 2021

BOCA RATON, Fla., July 30, 2021 (GLOBE NEWSWIRE) -- Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCQX: JUSHF), a vertically integrated, multi-state cannabis operator, announced that the American Arbitration Association (the “Panel”) awarded $14,364,920.10 (the “Interim Award”) to Jushi FL SPV, LLC (“Jushi FL”), a subsidiary of Jushi Holdings Inc., in its dispute against San Felasco Nurseries, Inc. (“San Felasco”), a subsidiary of Harvest Health & Recreation, Inc. (“Harvest”). The Interim Award consists of $10,637,012 in damages, plus $3,727,908.14 in pre-award interest (accrued at a rate of $3,497.099 per day) and post-award interest at a rate of 12% per annum. The Panel of three arbiters also affirmed that Jushi is entitled to recoup attorneys’ fees from San Felasco, in an amount to be determined by the Panel.

Key Points: 
  • The Interim Award is based on breach of contract and breach of implied covenant of good faith claims brought by Jushi against San Felasco in October of 2018.
  • San Felasco then sold its Florida cannabis business to Harvest, depriving Jushi of the royalties it would otherwise have realized.
  • Following a final hearing in May of 2021, the Panel issued the Interim Award on July 29, 2021.
  • I am very pleased that the arbitration panel has ruled in our favor, said Jim Cacioppo, Chief Executive Officer, Chairman and Founder of Jushi.

Zucarmex USA Sues Langer Juice for Unsafe Food Production Practices

Retrieved on: 
Wednesday, March 31, 2021

Zucrum Foods LLC, dba Zucarmex USA, based in Nogales, Arizona, has filed a lawsuit in United States District Court in the Central District of California, Los Angeles, against Langer Juice Products, Inc. and its affiliates.

Key Points: 
  • Zucrum Foods LLC, dba Zucarmex USA, based in Nogales, Arizona, has filed a lawsuit in United States District Court in the Central District of California, Los Angeles, against Langer Juice Products, Inc. and its affiliates.
  • The lawsuit is titled a Complaint for Negligence in Unsafe Food Production Practices, Breach of Contract, Cancellation of Contract, Trade Libel Disparagement of Goods, and Fraud, and for Damages, Punitive Damages and Injunction Relief.
  • Additional questions may be addressed to the Zucarmex USA attorney, Robert Ted Parker, Parker Law Firm, San Francisco, 415-412-1615.
  • Zucrum Foods LLC, dba Zucarmex USA is an expert in growing, milling, refining, and marketing of sugar and other sub-products.

Cortland at Stonebriar apartment residents sue for more than $1 million in damages, allege faulty fire alarm and suppression system

Retrieved on: 
Tuesday, February 23, 2021

Attorneys Zeke Fortenberry and Mark Underwood filed the petition in the Collin County District Court ( case number 50761734 ).

Key Points: 
  • Attorneys Zeke Fortenberry and Mark Underwood filed the petition in the Collin County District Court ( case number 50761734 ).
  • The apartment complex is located in the 9000 block of Gaylord Parkway.
  • According to these alleged reports, 62 of the units were completely destroyed, while others were impacted by water damage.
  • In essence, this alleged failure to protect is a breach of contract with their residents, the suit notes.

Provision Holding Awarded Default Judgment in Lawsuit Against Prosperity Investments for Breach of Contract and Fraud

Retrieved on: 
Monday, June 15, 2020

CHATSWORTH, CA, June 15, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE Provision Holding, Inc. (OTCPINK: PVHO) today announced that the Company has been awarded a default judgment by the California Central District Court for a lawsuit alleging breach of contract and fraud against Prosperity Investments, LLC, a Utah limited liability company and Harold Jahn.

Key Points: 
  • CHATSWORTH, CA, June 15, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE Provision Holding, Inc. (OTCPINK: PVHO) today announced that the Company has been awarded a default judgment by the California Central District Court for a lawsuit alleging breach of contract and fraud against Prosperity Investments, LLC, a Utah limited liability company and Harold Jahn.
  • The complaint was filed in the Superior Court of the State of California, and the default judgment was issued in Provisions favor for a total amount of $483,200.00.
  • The judgment ruled that Prosperity Investments breached the terms of a Joint Venture Agreement, Subscription Agreements and a Point of Sales Advertising Agreement, which were entered in 2018.
  • Provision is gratified by the favorable default judgment and is pursuing all available channels to collect the full awarded amount.