Cannabis Law News
A subsidiary of Scotts Miracle-Gro Co Sues JW Asset Management LLC and cannabis operator TerrAscend Corp For Attempted Board Stacking.
Feb 7 (Reuters) – A subsidiary of Scotts Miracle-Gro Co(SMG.N)has sued an investment management company in U.S. court, claiming that it tried to “ruin” the lawn and garden affiliate’s $175 million interest in a cannabis industry acquisition firm.
In a lawsuit in Manhattan federal court, Scotts Miracle-Gro subsidiary Hawthorne Collective Inc and a related entity on Monday accused JW Asset Management LLC and cannabis operator TerrAscend Corp of violating U.S. antitrust law in their bid to dominate the board of directors of the cannabis acquisition firm, RIV Capital Inc(RIV.CD). JW Asset Management controls TerrAscend.
