A Nevada hemp and marijuana producer has filed three lawsuits against a California cannabis chew maker over a disappointing 2018 partnership to make CBD- and THC-infused chewing pouches.
The Nevada company, Solace Holdings, said Cannadips defaulted on loans worth $1.2 million through 2018 and 2019, money Solace says it paid to get the rights to distribute Cannadips in Nevada.
Solace Holdings said that Cannadips projected the products would make $150,000 in gross profits per day. But Solace said that those margins were in reality closer to $8,400 per day.
Two of the cases are pending in state courts, and a federal lawsuit was filed last week, the Las Vegas Review-Journal reported.
Mandel and other Cannadips representatives did not respond to the newspaper’s requests for comment about the lawsuit.
Solace seeks unspecified damages.