Ex-Pot Co. Exec to Mediate Fight Over Acquisition Cash

Law360 (March 25, 2020, 6:53 PM EDT) -- A former executive and minority owner of a cannabis technology company suing Green Thumb Industries and his ex-employer over claims he was cut out of an acquisition deal is taking his dispute to mediation, court filings show.

Stanley Scheufler says as chief operating officer of Advanced Grow Labs Technologies, he owned nearly 11% of the company. But the company founders went behind his back and sold the company to cannabis giant Green Thumb Industries in a deal worth more than $80 million — and gave Scheufler none of the proceeds, his California federal court suit claimed.

Scheufler, Green Thumb, Advanced Grow...

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