COLUMBIA CARE SUED OVER FLORIDA LICENSE

A Florida group has sued New York-based MSO Columbia Care for “allegedly conspiring to fraudulently strip its rights,” to a valuable Florida MED license.
MJBiz

• According to plaintiff MCBD, a joint venture between MCBD and Sun Bulb received a license in 2017. MCBD claims Columbia induced Sun Bulb to breach its obligations to MCBD and transfer the license to a Columbia affiliate.
• The suit seeks $50M and that the license transfer to Columbia be cancelled.
• MCBD says it’s in separate arbitration with Sun Bulb.
• MJBiz couldn’t reach Columbia Care for comment.

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