Article: Deal to dry millions of pounds of hemp turns rotten, lawsuits filed in the U.S.

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Kentucky-based hemp company GenCanna has filed a lawsuit again hemp processor Vertical Wellness, alleging that the company reneged on a contract to dry up to 12 million pounds of hemp, reports Law360. GenCanna alleges that Vertical Wellness initially complied but then resumed drying operations at its Cadiz, KY facility in December without the company’s permission. Growth Op reports… Breach of contract alleged in dispute between Kentucky-based hemp companies. GenCanna allegedly asked Vertical Wellness to pause the drying operations in November, as the company had filed bankruptcy and was in the process of selling its assets to MGG Investment Group. GenCanna maintains that the contract gave them an option to halt processing, while Vertical Wellness says the agreement was based on GenCanna’s desire to have the hemp processed by the end of 2020.

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Growth Op reports…

Breach of contract alleged in dispute between Kentucky-based hemp companies.

Kentucky-based hemp company GenCanna has filed a lawsuit again hemp processor Vertical Wellness, alleging that the company reneged on a contract to dry up to 12 million pounds of hemp, reports Law360.

GenCanna allegedly asked Vertical Wellness to pause the drying operations in November, as the company had filed bankruptcy and was in the process of selling its assets to MGG Investment Group.

GenCanna...

Read the full article @ Cannabis Law Report