paul king, cannafornia

After Romantsova’s termination, Cannafornia’s cloning manager shared with King that Romantsova had previously asked employees to load clones onto her truck in the evenings when many of the employees weren’t there, according to the complaint. “We had a list of names that we were going through in 2017, and this was the one that kept sticking. Meanwhile, the company moved to acquire a state trademark in Arkansas, which is obtained when an entity sells its goods as commerce in the state. “Plaintiffs are informed and believe, and thereon allege, that as a result of these schemes, between July 2019 and February 2020, defendants Romantsoff, Romantsova, Severchukov, and Daulbaev retained for themselves no less than $600,000 in cash belonging to Cannafornia,” the complaint reads. “Maine Cannabis Coalition and its members along with many other citizens fought hard for two years to make sure residency protections were included in the law,” the group said in a statement issued to the news outlet. King’s complaint details how Romantsoff and Temkin allegedly misled and distracted King, in addition to setting up communication barriers between King’s “loyal” employees and people they brought into the company. “But it takes me a while because they're playing mind games with me the whole time, too, like Dimitriy is telling me he hates Roman, and Roman is telling me he hates Dimitriy.".

Rahman said he never received a satisfactory response from Harvest Health & Recreation about its Arkansas operations.

The complaint states that King, who founded Cannafornia in August 2017, met Romantsoff and Temkin in November of that year and that in December 2017, Temkin told King that Temkin could raise at least $20 million to fund “manufacturing” and the purchase of 150,000 square feet of greenhouses. “Then, you can use contract provisions, whether it's affirmative covenants or conditions, either pre-execution or post-contractual conditions,” he said. For full functionality of this site it is necessary to enable JavaScript. The complaint also states that one day after they lost their jobs, Romantsoff, Romantsova and Akzhigitova “cancelled Plaintiffs’ payroll services and removed Cannafornia’s website,” causing further issues for King and the rest of his team. May’s sales figures are the highest since the program launched. You're not old enough to use Leafly. More broadly speaking, Rahman said the case illustrates the continuing tension between federal and state law, which extends far beyond trademarks. “But if someone's planning a scheme on you from Day One and you have good intentions to just build a good company, it takes you way longer than you want it to, to realize what’s going on. ), "As a general matter, we are seeing more and more litigation in the cannabis industry, both the marijuana industry and the hemp industry," Goldberg said. The complaint alleges that Romantsoff, Romantsova, Severchukov and Daulbaev began selling the plants to third parties “immediately after they began working at Cannafornia.” They allegedly sold “tens of thousands of clones” “at a value of over $250,000.00 which they failed to report to Cannafornia and for which they retained the proceeds.” In addition, they underreported sales numbers and pocketed the difference between the reported figures and actual money received, according to the complaint. King told CBT that in spring 2020 he discovered “that all these little coincidences—or all these little problems—that have happened at the farm have all been planned the entire time.

Allegations in the suit are for breach of fiduciary duty, fraud and deceit, negligent misrepresentation, conversion and violations of penal and “business & professions” codes.

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the Terms of Use “We’ve recruited speakers from state departments of agriculture, to farmers and processors in established markets, as well as researchers from Penn State University, Cornell University, Purdue University and University of Vermont, to share their latest insights in these areas with the broader hemp market.”. “We had never heard of them, we didn’t know who they were, so we were not trying to trade on anything they were doing in Arizona, which, as far as we can tell, that was the only state they were in at the time when we chose the name.”. (Rebecca Forée, communications manager at CDFA’s CalCannabis Cultivation Licensing division, said the department could not comment on the supposedly 30,000-square-foot Salinas property. “He doesn't want his name on stuff, so he puts her name.”.

Believing millions more were coming in, King and his team leased a 250,000-square-foot property and a separate 30,000-square-foot property, both in Salinas, Calif., between March and September 2018, the suit alleges; the money never came, and King began spending most of his time working to raise capital for Cannafornia, including at investor conferences. Romantsoff and Temkin convinced King to transfer Cannafornia LLC’s assets and liabilities to numerous limited liability companies, according to the complaint. But opting out of some of these cookies may have an effect on your browsing experience. From sharing the latest in research, to creating a solid business plan, to better understanding regulations and how to adapt, as well as growing tips, industry experts will provide actionable education to help growers holistically improve their operations. Cannafornia. And I don't even know how you figure it out. The family-owned company simply chose a name that focused on the aspects of the plant they were trying to sell, according to Executive Director Robbin Rahman. Two investors in the California-based cannabis business Cannafornia are suing the company’s CEO Paul King, claiming King bought luxury condo units with money stolen from their years-long venture together and launched into a libelous campaign against them. “What we were able to demonstrate in the first part of the case is that there is a high likelihood that we’re going to succeed on the merits of a trial that will occur over the course of the next year or so,” he said. Gia Investments alleges King and California New Wave defaulted on the corporate note by failing to pay it when the loan matured on Dec. 31, 2019. In this case, it means that Weaver rejected Harvest Health & Recreation’s argument that federal trademark rights gave them the right to use the name in Arkansas, even though the company had never existed there before. “That shocked us because we didn’t know they were going to use the name in the state,” Rahman said. Their complaint also claims that King sent “harassing and threatening emails and text messages to the Plaintiffs’ family members.”, These cases, Goldberg said, provide “a good example of why courts look at litigation on a case-by-case basis.” Multiple allegations and parties, alongside unique facts, are not unique to the cannabis industry, but partnership disputes are becoming more common in the cannabis market, alongside other types of litigation, he said.. (However, he noted, some courts won’t hear cases that involve non-hemp cannabis; the courts claim they don’t have jurisdiction because the crops is federally legal.


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