New Chapter In Merger Court Battle Among These Two Cannabis Companies
Goodness Growth Holdings, Inc. (OTC:GDNSF) cannabis company has taken legal action against Verano Holdings, Inc (OTC:VRNOF) in a case that concerns Verano’s termination of a share exchange agreement, which had proposed the acquisition of Goodness Growth’s capital stock in mid-2022. The judicial dispute remains unresolved.
Application for Summary Determination
A summary determination is a legal process to expedite a judiciary resolution. In this case, the court makes a decision based on the facts that have been provided, without ordering a trial. Goodness Growth made public its decision to file an application with the Supreme Court for summary determination in its litigation with Verano.
Termination of the Agreement
The merger between …