MedMen Withdraw Allegations

It sounds like they just say the first thing that comes into their collective head.

One could argue that that has been company policy from day 1, whoever has been in charge.

Ganjapreneur report

MedMen has moved to withdraw its lawsuit alleging that Ascend Wellness improperly influenced New York Gov. Kathy Hochul (D) to approve a takeover deal between the two companies.

Lawyers for Ascend Wellness Holdings said that its legal rival MedMen has moved to withdraw its allegations that Ascend executives put political pressure on Gov. Kathy Hochul’s (D) administration to approve the transfer of MedMen’s medical cannabis license to Ascend, amNY reports. Ascend, a cannabis operator hoping to set up operations in New York which purchased MedMen’s New York operations for $73 million, filed a lawsuit in state court last month against MedMen, a multi-state cannabis company, that claimed the defendant had not fulfilled that contract.

MedMen had filed a counterclaim accusing Ascend of pressuring Hochul’s administration and claimed Ascend executives had met with state officials and donated money to the governor’s campaign in an effort to get the deal done; Ascend has denied those allegations and last week provided evidence supporting that position, the report says.

Mylan Denerstein, a lawyer representing Ascend, told amNY that counsel for MedMen has agreed to withdraw that allegation.

Read more at

MedMen Withdraws Allegations that Ascend Influenced New York Politicians

 

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