California Cannabis Business Sues 4Front For Alleged Unpaid Fees
The lawsuit is in connection with a sale three years ago
A cannabis company in California is alleging in state court that it is due more than $400,000 in connection with a sale three years ago.
Brothers for Life claims the sale agreement with Vancouver, British Columbia-based Cannex Capital Holdings in 2018 called for additional fees of at least $200,000 a year to be paid in 2019 and 2020, but the payments haven’t been made, Law360 reported.
Arizona-based 4Front Ventures acquired Cannex in 2019, so 4Front is named in the lawsuit filed Aug. 2 in California state Superior Court.
Brothers for Life claims that 4Front agreed to “accept any and all liabilities of Cannex with respect to the agreement.”
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