Pot Co. Nabis Says Ex-CEO Stole Arizona Dispensary

Law360 (October 16, 2020, 7:08 PM EDT) -- A subsidiary of debt-ridden cannabis company Nabis Holdings Inc. has accused its former president and chief operating officer of stealing its dispensary in Arizona following his ouster, asking a state court to return the property as it faces a looming $8.1 million debt payment.

Nabis, nearly $40 million in the red and buffeted by recent resignations from its board of directors, said Thursday that former executive Mark Krytiuk has refused to turn over control of its only revenue-generating property, a medical marijuana dispensary in Phoenix. Loss of its only financial lifeline could spell doom for the company, according to the suit....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!