We live in an increasingly dumb world
Green Market Report
Cookies Retail has filed a complaint against Cookies Creative Consulting and Promotions claiming the company didn’t follow through with a settlement agreement from a past lawsuit. The case lists several defendants but PTB Investment Holdings, LLC also known as GVB Biopharma is the one most referred to in the case.
This problem dates back to a 2023 lawsuit between the parties over an agreement to market and sell certain hemp-derived products under the “Cookies” brand. The complaint stated that the two settled the case with two main agreements. First, the deal between the two companies would be terminated. Second, PTB was required to purchase the remaining inventory of Cookies-branded products from Cookies Retail, and then Cookies Retail would receive a total sum of $4.75 million, payable in ten equal monthly installments beginning July 1, 2023.
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