Marijuana multistate operator Goodness Growth is seeking $860.9 million in damages from Verano Holdings Corp., alleging breach of contract after the latter terminated its agreement to acquire Goodness Growth Holdings.
Minneapolis-headquartered Goodness Growth filed an application on May 2 with the Supreme Court of British Columbia requesting an expedited summary trial.
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Both Goodness Growth and Chicago-based MSO Verano are incorporated in British Columbia and listed on Canadian stock exchanges.
Goodness Growth alleges that it continues to pay a steep cost for the failed all-stock deal initially valued at roughly $413 million after Verano wrongfully terminated the deal.
“Verano’s repudiation of the Arrangement Agreement constitutes an existential threat to Goodness Growth’s ongoing operation,” according to the filing.
“It deprived the company of the access
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