California Cannabis Co. Accused Of Illegally Shipping Marijuana Strikes Back With Countersuit
Portfolio Pulse from Jelena Martinovic
California cannabis company, Catalyst, has filed a lawsuit against Glass House Brands Inc. (OTCQX:GLASF) (OTCQX:GHBWF), accusing them of profiting from the illicit cannabis market. Glass House has countered with a suit accusing Catalyst of a defamatory social media campaign. Catalyst alleges that Glass House uses both legal and illegal distributors to send cannabis nationwide.
June 30, 2023 | 3:06 am
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NEGATIVE IMPACT
Glass House Brands is facing a lawsuit from Catalyst, which could potentially harm its reputation and business.
The lawsuit filed by Catalyst accuses Glass House Brands of profiting from the illicit cannabis market. If proven, this could harm Glass House's reputation and business, potentially leading to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Glass House Brands is facing a lawsuit from Catalyst, which could potentially harm its reputation and business.
The lawsuit filed by Catalyst accuses Glass House Brands of profiting from the illicit cannabis market. If proven, this could harm Glass House's reputation and business, potentially leading to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100