GLASF - California's Corporate Weed Beef: Glass House Withdraws Defamation Suit Against Catalyst Cannabis | Benzinga
The California-based cannabis company Glass House Brands Inc. (OTCQX:GLASF) (OTC:GHBWF) announced Monday the voluntary dismissal of its defamation lawsuit against Catalyst Cannabis Co, a dispensary chain from the same state. Glass House cited concerns about Catalyst's financial viability and the potential for harassment threats to its customers.
Background Of The Countersuits
Initially, Catalyst filed a lawsuit against Glass House in Los Angeles County Superior Court on June 2023, accusing them of profiting from the illicit cannabis market. Glass House then filed a countersuit in the same court against Catalyst and its principals, Elliot Lewis and Damian Martin for defamatory statements alleging Glass House’s involvement in the illicit cannabis market.
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Glass House Challenges Catalyst’s Credibility And Actions
According ...