In this parallel case, Northeast Botanicals alleged non-payment after selling raw distillate oil to RefineX. RefineX countered by asserting that TG Tech’s breach of contractual obligations, as seen in the California lawsuit, was the root cause of the payment dispute with Northeast Botanicals.
Cannabis Firm Suit Over THC Deal : A Multi-Million Dollar Battle
RefineX had initially sought a remarkable $75.9 million in compensatory damages, making it one of the most closely watched lawsuits in the cannabis industry. As of now, representatives for RefineX and TG Tech Holdings LLC, Thompson, and Oxford have not commented on the settlement, leaving industry insiders in suspense.
Cannabis Firm Suit Over THC Deal : Legal Representatives
RefineX was skillfully represented by E. Job Seese of Lewis Roca Rothgerber Christie LLP, while TG Tech Holdings LLC, Thompson, and Oxford were skillfully defended by Houston Watson III of Houston Watson PC.
The thrilling case, identified as Refinex LLC v. TG Tech Holdings LLC et al., bears the case number 1:23-cv-01075, and it now concludes, leaving the cannabis industry with a landmark legal tale for the ages.
