Florida-based medical hashish firm Trulieve Hashish Corp. filed a civil lawsuit final week towards an Ohio medical hashish firm looking for fee of loans and different charges, Dayton Daily News reviews. The lawsuit towards Harvest of Ohio, which additionally operates Harvest Grows, is trying to get better $23.8 million in debt from capital bills, working bills, money funding, payroll, licensing charges, and lease.
Trulieve additionally claims that the debt complete consists of $4 million in curiosity and alleges that Harvest executives used the loans to “pay themselves six-figure salaries whereas concurrently asking (Trulieve) to lend them much more cash.”
“Now we have a duty as a enterprise and a fiduciary duty to our shareholders to gather this debt, and that’s what this swimsuit seeks to perform. … We agreed to mortgage them cash they usually agreed to pay us again, but they haven’t paid a penny. Trulieve acknowledged that Harvest of Ohio and Harvest Grows weren’t negotiating in good religion and had no intention of repaying the virtually $25 million debt and determined to not prolong the phrases any additional.” — Trulieve, in an announcement, by way of Dayton Each day Information
In response to the criticism, the Ohio Harvest corporations entered into a number of agreements with an organization referred to as Harvest Well being and Recreation Inc. in 2020. The next yr, Trulieve acquired the agency and continued to offer monetary help to the businesses.
Nicole Yelland, government director of communications for Trulieve, advised Dayton Each day Information that the corporate has supplied greater than a dozen deadline extensions for reimbursement and that the most recent extension expires this month.
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