News

Colorado Companies Awarded $1.14 Million Over Failed CBD Biomass Deal

The case has been ongoing since 2020

Two Colorado companies have been awarded $1.14 million after bringing suit over a CBD biomass deal that went bad.

A U.S. federal court for the District of Colorado found that Layn USA Inc., and affiliated Indiana-based Hemprise LLC, breached a contract with Moose Agricultural and Colorado Hemp Solutions LLC (CHS), related entities based in Grand Junction, Colorado, when they failed to complete a promised $1.2 million purchase of biomass.

Layn USA is a unit of Guilin Layn Natural Ingredients Corp., Guangxi Province, China; Hemprise operates a CBD processing facility in Jeffersonville, Indiana.

To Read The Rest Of This Article On Hemp Today, Click Here

Click to comment

Leave a Reply

Your email address will not be published.

  • Exotic Blvd
To Top