June 30, 2023
A cannabis cultivation and distribution company can transfer to California federal court the U.S. Securities and Exchange Commission suit alleging it raised more than $30 million from investors with misleading claims about its revenue, a Puerto Rico federal judge has ruled.
March 16, 2023
Cannabis cultivation and distribution company American Patriot Brands Inc. raised more than $30 million from more than 100 investors over 6½ years on the strength of "wildly inflated" claims about its revenue, the U.S. Securities and Exchange Commission claimed in a suit filed Thursday in Puerto Rico federal court.