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Trial Win – $20.2 Million Verdict

After 3 years of litigation, attorneys Gregory G. Brown, Mark Higuchi, & Joseph Dankert of Brown & Charbonneau, LLP obtained a favorable jury verdict in the amount of $20,201,418. The verdict consisted of $17,201,418 in compensatory damages, and $3,000,000 in punitive damages. Additionally, the real property transfers were set aside to the extent permitted under the Uniform Voidable Transfer Act.

The case consisted of a lawsuit for breach of contract, investment fraud, and related claims arising out of an investment in various cannabis cultivation facilities and dispensaries. In 2019, the Plaintiff companies loaned the Defendants $12,000,000 pursuant to a written promissory note and business collaboration agreement. In exchange, the Plaintiffs were supposed to obtain the rights to manage various cannabis cultivation and dispensary facilities, with the loan being payable from the profits of those facilities. Shortly thereafter, Plaintiffs loaned an additional $2,300,000 to the Defendants to acquire an interest in additional cannabis cultivation and dispensary facilities. Upon receiving the aforementioned $14,300,000, Defendants used it to purchase various residential properties, then transferred title to such properties to corporate insiders. Defendants ultimately never conveyed the promised ownership interest or management rights in the cannabis facilities to Plaintiffs, and the $14,300,000 in funds loaned was never repaid.

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