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Insider Cannabis newsletter: February 19
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Cannabis Focused SPAC NEO
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A major Loop-based cannabis firm reached a settlement with its co-founder last week after claiming in a lawsuit that he used company secrets to launch a new venture when he was ousted amid allegations of harassment and “misogynistic conduct.”
The lawsuit, filed Jan. 29 by Cresco Labs in the Supreme Court of British Columbia, alleged that Joseph Caltabiano engaged in a “litany of misconduct” as he helped build the company into a multi-state behemoth. After resigning under duress, Caltabiano teamed with another former executive and allegedly used “confidential” company information to help start a competing firm, Choice Consolidation Corp., the suit claims.
Rest in peace, Keegan Peterson Jeremy Berke, Yeji Jesse Lee Marijuana plants grow near a road in the Rif region, near Chefchaouen, Morocco, August 11, 2008.
Welcome to Insider Cannabis, our weekly newsletter where we re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom.
Hello,
Before we dive in this week, I wanted to alert you all to the tragic passing of Keegan Peterson last Thursday, at the age of 33.
As many of you who read this newsletter know, Keegan was the CEO of the Denver-based Wurk, a prominent member of the broader cannabis industry and community, and a mainstay on the conference circuit.