Jushi Nets $14.4M Arbitration Award Over Contract Breach

by cannabisnews

July 31, 2021

in Cannabis Retail

VIEWS

Share on Facebook Share on Twitter

Law360 (July 30, 2021, 8:01 PM EDT) — An arbitration panel has issued an interim award of nearly $14.4 million to a subsidiary of cannabis company Jushi Holdings Inc. in its contract breach dispute with a subsidiary of Harvest Health & Recreation Inc., Jushi announced Friday.

The award, issued Thursday, includes more than $10.6 million in damages, more than $3.7 million in pre-award interest, and post-award interest at a rate of 12% per annum, Jushi said. It’s also entitled to recoup attorney fees from Harvest subsidiary San Felasco Nurseries Inc., it announced.

Jim Cacioppo, CEO, chairman and founder of Jushi, said in a statement that he is pleased that…

Source link

Valley News – Column: Small producers deserve direct access to market

Cannabis now coming to a doorstep near you

cannabisnews

Valley News – Column: Small producers deserve direct access to market

by cannabisnews

March 26, 2022

The first day of adult-use cannabis sales in Vermont is May 1, just over a month away, when residents...

Cannabis now coming to a doorstep near you

by cannabisnews

March 26, 2022

Cannabis retailers are now able to offer delivery to their customers, but there are barriers. Retailers must hire their...

Partner of Proposed Jacksonville Cannabis Dispensary Talks Business Plans – WLDS

by cannabisnews

March 26, 2022

The City of Jacksonville is one vote away from having an adult use cannabis dispensary. The City Council will...

State board hosts roundtable on cannabis retail store safety | Business

by cannabisnews

March 25, 2022

Country United States of AmericaUS Virgin IslandsUnited States Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth of theCuba, Republic ofDominican...