MJ Biz reports..

GenCanna, a Kentucky hemp and CBD company that filed for Chapter 11 bankruptcy in February, has dropped a suit against CBD company Medterra for unpaid invoices worth $4.5 million.

GenCanna, now known as OGGUSA Inc., had sued Medterra last month, alleging that the latter failed to pay for shipments of CBD extracts and other products it accepted, Law360 reported.

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Bankrupt GenCanna drops suit against MedTerra, calls CBD company ‘long-term partner’