October 25, 2024
Dozens of "defrauded businesses" are left without the cash they deposited into a defunct cannabis-focused "neobank," the former chief executive said when urging an Oregon federal court not to earmark the remaining money left in accounts to just one ripped-off cannabis company.
October 17, 2024
The former directors of a defunct, cannabis industry-focused neobank are looking to kill a suit brought against them by Killa Bees Distribution LLC, a CBD company which claims in Oregon federal court that executives should be held liable for the nontraditional financial institution's failure to produce nearly $127,000 in deposits.
November 08, 2023
A Portland, Oregon-based cannabis company claims it can't retrieve any of the $126,000 it entrusted to a cannabis industry-focused "neobank," accusing the institution of breach of contract and violating the Racketeer Influenced and Corrupt Organizations Act in a lawsuit in federal court.