Marijuana multistate operator MedMen Enterprises said it prevailed in a $60 million breach-of-contract lawsuit involving its 2018 purchase of a vertically integrated medical cannabis operation in Arizona.
Scottsdale, Arizona-based Whitestar Solutions sued MedMen in March 2020 in Maricopa County Superior Court alleging breach of contract and fraudulent inducement in connection with the transaction, according to a news release.
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Whitestar wanted the 2018 deal to be rescinded or to receive $60 million in alleged damages.
The MMJ license has since enabled Los Angeles-based MedMen to gain entry into the state’s lucrative recreational marijuana industry.
MedMen maintained that the lawsuit and claims were baseless, and the judge agreed on all counts, canceling a scheduled June jury trial, according to MedMen’s release.
The judge further ruled that MedMen is entitled to submit an application to recover attorney fees and costs from Whitestar.
“We’ve always maintained MedMen’s innocence in this matter,
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