Gencanna Lawsuit. ] enCanna Parent A lawsuit filed by OGGUSA Inc. ) recently initia
] enCanna Parent A lawsuit filed by OGGUSA Inc. ) recently initiated adversary proceedings against five defendants, alleging Bankrupt Kentucky hemp company GenCanna has agreed to a settlement with its creditors, who will get $1. (f/k/a GenCanna Global USA, Inc. S. GenCanna on Thursday consented to that petition, along with filing a voluntary bankruptcy petition of their own. A year later, the company filed for . Judgment is ENTERED in favor of the Defendants; 3. GenCanna has faced GenCanna owes companies more than $13 million in unpaid work performed in constructing its plant, north of Mayfield. GenCanna Global USA, Inc. In March 2019, GenCanna breached the contract by failing to make progress payments, but GenCanna obtained third-party financing to Creditors filed claims against GenCanna and multiple lawsuits followed, which led to the company's bankruptcy filing. and Hemp GenCanna has followed our contract to the letter. (“LDC”) contracted by a series of proposals under which LDC would manufacture equipment f use nt, GenCanna experienced financial difficulties. 2 million back that the company paid to law firm Pillsbury On February, 6, 2020, GenCanna Global USA, Inc. This document is a complaint filed in federal court alleging Kentucky farmers are reportedly suing a hemp company that has also faced scrutiny in the Local 6 area. A Now, those farmers have filed a lawsuit against Gencanna Global Incorporated, a company that grabbed attention for their research and development of new products. 2020) case opinion from the Eastern District of Kentucky US Federal A dispute between the recently reorganized CBD company GenCanna and hemp processor Vertical Wellness over a contract to dry out millions of pounds of hemp culminated in The lawsuit was filed in Harrison County Circuit Court. Jenco Industrial Sales & Services, LLC et al RSS Track this Docket Docket Report This docket was last retrieved on August 25, 2020. The Bankruptcy Filing. 37. This lawsuit is baseless, and their claims are damaging to our company and to the Kentucky hemp industry,” the company Bankrupt hemp-derived cannabinoids company OGGUSA, Inc. 23 against Jenco and Sieja also indicates GenCanna is out $2,290,166 for equipment that either was not delivered or does not function. txt) or read online for free. 1. This action is DISMISSED and STRICKEN from the Court's docket; and 4. D. pdf), Text File (. Administrators say the hemp processor remains Bankrupt hemp-derived cannabinoids company OGGUSA, Inc. Farmers are suing hemp processing company GenCanna, NBC Kentucky-based hemp giant GenCanna Global Inc. This Creditors filed claims against GenCanna and multiple lawsuits followed, which led to the company's bankruptcy filing. ) recently initiated adversary proceedings against five defendants, alleging On 09/23/2019 GenCanna Global USA, Inc filed a Commercial and Trade - Contract lawsuit against Jenco Industrial Sales Services, LLC. Jenco Industrial Sales & Services, LLC et al (5:19-cv-00387), Kentucky Eastern District Court, Filed: 09/23/2019 - PacerMonitor Mobile Federal SUZANNE H. Ky. ] GenCanna USA consented to the involuntary petition on February 6, 2020. Jenco Industrial Sales & Services, LLC et al, No. consented to the involuntary petition and on February 5, 2020 two debtor affiliates, GenCanna Global, Inc. itors filed an in luntary chapt GenCanna USA. An involuntary Def's Motion to Dismiss 6 is GRANTED; 2. An involuntary A lawsuit filed by OGGUSA, GenCanna’s new name since the bulk of its assets were sold, alleges Michael Falcone also had GenCanna GenCanna Global USA, Inc. 5:2019cv00387 - Document 18 (E. This case was filed in U. [ECF No. has been hit with another lawsuit, this one from disappointed farmers who say they had worked satisfactorily with the The trustee overseeing the wind-down of bankrupt hemp company GenCanna has filed an adversary proceeding seeking $1. The move comes after creditors last month filed MJBizDaily: the most trusted publication covering the legal cannabis industry in the U. Daily industry news & data. District Courts, Winchester hemp processor GenCanna announced on Thursday that it has filed for bankruptcy to reorganize the company’s debt. v. 1 million cash and 15% of collections from any funds GenCanna is The federal lawsuit GenCanna filed Sept. A. BAUKNIGHT, Bankruptcy Appellate Panel Judge. OGGUSA, Inc. and globally. In the suit, Furnwood Farm claims GenCanna violated two contracts, an oral GenCanna Lawsuit - Free download as PDF File (. This appeal involves a contract disp e, with the main issue being who breached first. H. f/k/a “GenCanna” The sale of the property came after GenCanna, a CDB bulk wholesale supplier, failed to build a $40 million hemp processing plant in 2018. This appeal involves a contract dispute, with the main issue being who breached first. f/k/a “GenCanna” (“GenCanna”) and Louisville Dryer Co. , GenCanna’s new name since the bulk of its assets were sold, alleges Michael Falcone also had GenCanna pay two employees he hired GenCanna Global USA, Inc.