Legal Battles In Cannabis: UFCW Wins In Massachusetts, Alleged Misconduct In Arkansas, SEC Suit
Portfolio Pulse from Nicolás Jose Rodriguez
A federal judge ruled in favor of the United Food and Commercial Workers Union (UFCW) in Massachusetts, ordering cannabis retailer I.N.S.A. Inc. to negotiate with the union despite the UFCW losing an election last year. In Arkansas, a lawsuit alleges misconduct by law firm Steel, Wright, Gray in securing medical marijuana dispensary licenses in 2019. The SEC filed a lawsuit against Michael Caridi, former CEO of Tree of Knowledge (OTC:TOKI) (OTCEM: TOKIF), over fraudulent activities related to the personal protective equipment (PPE) supply chain during the COVID-19 pandemic.
September 26, 2023 | 6:18 pm
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The SEC has filed a lawsuit against Michael Caridi, former CEO of Tree of Knowledge, over fraudulent activities related to the PPE supply chain during the COVID-19 pandemic. This could negatively impact the company's reputation and stock price.
The lawsuit filed by the SEC against the former CEO of Tree of Knowledge for fraudulent activities could lead to a negative perception of the company among investors, potentially leading to a decrease in the company's stock price.
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