(This story has been up to date to incorporate feedback from Glass Home.)
A civil criticism in opposition to hashish producer and retailer Glass Home Manufacturers by fellow California operator Catalyst Hashish Co. has been dismissed and a abstract judgment issued.
The Superior Courtroom of California in Los Angeles County on July 15 granted Glass Home’s movement for judgment with prejudice and ordered Catalyst’s holding firm, 562 Low cost Med, to pay authorized prices associated to the lawsuit, in keeping with a information launch.
‘Unite as an business’
Glass Home President Graham Farrar informed MJBizDaily the lawsuit was frivolous and the corporate can now concentrate on greater points.
“However extra importantly we’re completely happy to have the ability to put the waste of time and vitality and assets, for all sides, behind us,” he mentioned through textual content.
“We’re hopeful that we will cease the infighting and as a substitute unite as an business on the numerous frequent challenges, like over taxation and never sufficient authorized entry, that may profit sufferers, customers and the entire business over all.”
The authorized skirmish between the Lengthy Seashore-headquartered corporations started in mid-June 2023, when Catalyst CEO Elliot Lewis alleged in a lawsuit that Glass Home was “one of many largest, if not the most important, black entrepreneurs of hashish within the State of California, if not the nation.”
The courtroom granted Glass Home’s movement for judgment, ruling that an injunction to halt alleged unlawful gross sales would “assume the capabilities of an administrative company, or to intrude with the capabilities of an administrative company.”
The courtroom was referencing California’s main marijuana regulator, the Division of Hashish Management.
The courtroom additionally mentioned the enforcement of any injunction could be “overly burdensome.”
The ruling successfully ends a 12 months of in-fighting between two of the most important operators.
Authorized back-and-forth
Glass Home countered in late June 2023, submitting a defamation swimsuit accusing Catalyst, Lewis and co-founder Damian Martin of operating a “systemic defamatory social media marketing campaign” that “falsely” in contrast Glass Home “to a Mexican drug cartel.”
Then, in Could, Glass Home withdrew its defamation lawsuit in opposition to Catalyst, citing issues about revealing delicate buyer info, amongst different elements.
Catalyst is among the state’s largest retail chains with 30 areas; Glass Home is one in every of California’s largest vertically built-in operators.
Glass Home shares commerce as GLAS.A.U on the Cboe Canada inventory trade and GLASF on the over-the-counter markets.
The corporate’s shares have been up 1.8%, to $7.05, as of noon Monday.
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