Sweet Leaf cannabis business co-owners hit with $8.8M judgment
Marijuana Business, Stocks, Finance, & Investing December 14, 2018 MJ Shareholders 0
The embattled owners of a once-thriving string of cannabis businesses along Colorado’s Front Range have been ordered by a Denver judge to pay $8.8 million after finding they failed to honor commitments to the owner of properties they were buying in Denver.
The decision issued Wednesday by Denver District Judge Edward Bronfin said the co-owners of Sweet Leaf breached the lease agreements on four commercial properties owned by Ryan Fox. Matthew Aiken, Christian Johnson and Anthony Sauro failed to pay rent, late fees and interest, and failed to obtain surety bonds to guarantee lease payments, according to the court.
The business owners’ attorney didn’t return a request for comment Friday afternoon.
Read the rest of this story on DenverPost.com.
MJ Shareholders
MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers
No comments so far.
Be first to leave comment below.