Colorado Companies Awarded $1.14 Million Over Failed CBD Biomass Deal
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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.
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