Investors Sue Pot Co.'s Backers Over SPAC Deal Payments

Investors Sue Pot Co.'s Backers Over SPAC Deal Payments Investors claimed in a proposed class action filed Tuesday that the controlling shareholder of a California cannabis company allegedly pocketed $40 million that other shareholders could have received through a merger with a special purpose acquisition company that formed a marijuana powerhouse featuring Jay-Z as an executive. #CBD #Hemp https://www.law360.com/cannabis/articles/1370498?utm_source=rss&utm_medium=rss&utm_campaign=section March 30, 2021 9:23 pm