Battle over $73 million cannabis deal headed to court

[The Aspie Toker]

ALBANY – In an unprecedented shakeup, cannabis company Ascend Wellness Holdings is asking a New York court to force medical marijuana license holder MedMen to hand over its operations in the state.

MedMen, a multistate cannabis firm, committed to giving up an 86.7 percent stake in its New York business last year, in exchange for about $73 million from competitor Ascend Wellness – some of which has already been paid. But in early January, newly minted Chief Executive Michael Serruya sent notice to the investor that MedMen was pulling out of the deal.

https://www.timesunion.com/news/article ... 776354.php