April 21, 2026
A lender has asked a New Jersey federal court whether an order that blocked it from seizing a cannabis company's assets or cash amid a dispute over whether the company defaulted on loans applies to any default over the failure to pay the principal and interest due at maturity.
February 24, 2026
A New Jersey federal judge won't let a group of cannabis companies recharacterize their interest payments as principal payments to a lender they say falsely held them in default, saying the contract agreements don't support the claim.
December 01, 2025
A New Jersey federal judge won't let a lender escape a cannabis company's allegations that the lender falsely held it in default so it could seize almost $2 million, saying the complaint sufficiently alleged that the lender went back on enforceable promises.
May 09, 2025
A New Jersey federal judge on Friday granted a cannabis company's bid to block its lender from seizing any of its assets or cash amid a dispute over whether it defaulted on loans to build its business, ruling that the company was likely to succeed on its claims after an evidentiary hearing.
April 18, 2025
A cannabis company with facilities in New Jersey and Pennsylvania has alleged in Garden State federal court that its lender lied about the company being in default in order to steal funds out of two of the company's bank accounts and claims it shows no sign of stopping.