MJ Biz Nitin Khanna, a marijuana entrepreneur in Oregon, filed a nearly $625 million countersuit against an investor group that includes Curaleaf Holdings Executive Chair Boris Jordan over a failed CBD company. Jordan and other investors sued Khanna and others in January for $60 million in Multnomah County Circuit, alleging they were induced into funding a CBD startup called Sentia Wellness based on false and misleading information. Khanna has fired back in a 72-page response, denying the allegations and instead accusing Jordan and others of unjust enrichment and breach of fiduciary duty in connection with managing their Sentia Wellness investment as well as closing the CBD company. The counterclaim also alleges Jordan of unjust enrichment and breach of fiduciary duty in reducing the price of Curaleaf’s 2020 acquisition of Oregon-based Cura Partners.
Cannabis Law Report, 05/26/2022 21:11:00