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California Cannabis Updates

Stiiizy sues SF equity partner for not making a profit


They love going to court, this lot, any excuse!

Weedweek

Stiiizy affiliate sued a social equity partner alleging he is not owed any distribution payments for his ownership of a San Francisco dispensary because the store, which opened in 2021, has never made a profit.

Stiiizy, which is both California’s bestselling vape brand and largest retailer, further seeks a declaration that it is not obligated to transfer its 51% interest in the store to its partner for no payment, as he allegedly demands.

“This is particularly so given that the business was built and financed entirely with money and expertise” from Stiiizy, the . . .

paywall

BREAKING: Stiiizy sues SF equity partner

 



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