Herbl defaulted to lender in November: Lawsuit

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Herbl defaulted to lender in November: Lawsuit

Distributor Herbl, which went into receivership this month, first defaulted on its obligations to East West Bank in November, the lender alleges in a lawsuit filed last week. 

East West’s lawsuit provides the bank’s view of Herbl’s struggle to remain solvent at the center of California’s cannabis supply chain. It also names the receiver it has requested . . .