Published on 21 May 2024 on Benzinga
The California-based cannabis company Glass House Brands Inc. GLASF GHBWF announced Monday the voluntary dismissal of its defamation lawsuit against Catalyst Cannabis Co, a dispensary chain from the same state. Glass House cited concerns about Catalyst's financial viability and the potential for harassment threats to its customers.
Initially, Catalyst filed a lawsuit against Glass House in Los Angeles County Superior Court on June 2023, accusing them of profiting from the illicit cannabis market. Glass House then filed a countersuit in the same court against Catalyst and its principals, Elliot Lewis and Damian Martin for defamatory statements alleging Glass House’s involvement in the illicit cannabis market.