Pennsylvania real estate company Regent Development is suing Curaleaf Holdings, alleging the cannabis multistate operator breached a lease agreement on a commercial property.
Regent alleges in the lawsuit that Massachusetts-headquartered Curaleaf deliberately failed to secure licensing and regulatory approval to operate a dispensary on the property in question after acquiring another company that already had approvals in place, Law360 reported.
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The lawsuit, which was removed to Pennsylvania Eastern District Court on Monday, alleges that Curaleaf:
Signed a lease agreement for a commercial property in King of Prussia, Pennsylvania, in 2017. Wasn’t permitted to terminate its lease unless it made an effort to secure regulatory approvals to open a dispensary there. Acquired medical cannabis company Grassroots, which had a licensed dispensary close to the King of Prussia property, in 2019 or 2020. Avoided communications with Regent until terminating its lease and that the MSO’s real estate counsel
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