Cura Cannabis, the Portland company acquired in a deal worth nearly $400 million in February, is facing its second class-action lawsuit this year. Reports MRR
The lawsuit against Cura CS LLC, one of the company’s entities, was filed in May in Multnomah County Circuit Court. It alleges Cura’s Select Elite vape oils did not contain as much THC as promised.
The plaintiffs are seeking compensatory damages “in excess of $10 million.”
It follows a January suit, in the same court, related to mislabeling products that contained non-cannabis ingredients, mistakes Cura said were unintentional but that resulted in $110,000 in fines by Oregon regulators.
The parties in that lawsuit have agreed to “make an attempt at an early resolution” through an independent mediator, according to Michael Fuller, lawyer for the plaintiffs. He said the talks could begin in August.
In the more recent suit, lawyers for Cura CS filed notice last week to move the suit to federal court in Portland.
More Detail At The Portland (OR) Biz Jnl (Paywall)