CBD

Curaleaf Director, Others Sue Oregon CBD Startup For $60 Million

The lawsuit lists seven investment funds as plaintiffs

Investors who include Curaleaf Holdings Executive Chair Boris Jordan filed a $60 million lawsuit alleging they were induced into funding an Oregon CBD startup based on false and misleading information.

The lawsuit, filed in Multnomah County Circuit Court, lists seven investment funds as plaintiffs against Oregon entrepreneur Nitin Khanna and others, according to the Portland Business Journal.

The investors claim in the suit, according to the report, that they made $74 million in unsecured loans to Khanna’s Sentia Wellness startup based on false claims about the company’s prospects.

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