Court Upholds Class Action Lawsuit Against Jeeter Cannabis Over THC Content Dispute
Portfolio Pulse from Vuk Zdinjak
A court upheld a class action lawsuit against DreamFields Inc. and Med for America Inc., makers of Jeeter Cannabis, over inaccurate THC content labels. This follows a trend of increasing litigation against cannabis companies, including SpringBig Inc., Tilray Brands, and Lowell Farms Inc.
June 16, 2023 | 3:33 pm
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Lowell Farms faces a class action lawsuit filed by Dovel & Luner on behalf of California consumers who purchased cannabis products with inaccurate THC content labels.
Lowell Farms is facing a class action lawsuit over inaccurate THC content labels, which could lead to financial and reputational damage. This negative news may cause short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SpringBig Inc. was sued by Kind+ Inc. for allegedly using its partnership to create a competing business.
SpringBig is facing a lawsuit from Kind+ Inc. over alleged misuse of their partnership, which could result in financial and reputational damage. This negative news may cause short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tilray Brands was sued by Docklight Brands Inc. for dropping out of the Bob Marley cannabis products licensing deal.
Tilray Brands is facing a lawsuit from Docklight Brands over a licensing deal, which could lead to financial and reputational damage. This negative news may cause short-term downward pressure on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50