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CBD Co. Investor Oral Contract Suit Tossed For Good

By Mike Curley (March 19, 2024, 10:50 AM EDT) --

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A Nevada federal judge has thrown out for good a suit from the co-founder of CBD company CV Sciences Inc. that alleges an investor reneged on a profit-sharing agreement, saying the latest complaint still doesn't establish that the court has jurisdiction over the investor

It seems that the co-founder of CV Sciences Inc. had alleged that the investor reneged on a profit-sharing agreement. However, despite the co-founder's claims, the judge determined that the complaint did not adequately demonstrate the court's jurisdiction over the investor.

This development suggests that the legal dispute between the co-founder and the investor will not proceed further in the Nevada federal court due to jurisdictional issues.

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