NBA legend and second investor say they have received just $26,000 to date. — via TheGrowthOp NBA cannabisnews
Cannabis, though, seems to have proved a dud for “Superman,” a three-time world champion and three-time NBA Final MVP,It is alleged that O’Neal and another investor pumped about $192,000 into the weed business in 2016.that O’Neal invested about two-thirds of the total and the second investor contributed the rest.
More than a year on, though, the basketball star reported he saw no evidence of licences, revenue or operations. Taking a shot at recovery, O’Neal and the other investor filed a $1.3 million lawsuit against the former partner and 10 John Does,With the threat of legal action, it was reportedly agreed the former business partner would repay each investor about $13,000 in installments until they had been repaid in full. The lawsuit claimed only about $26,000 was received.
The lawsuit is reportedly looking to help even the score by collecting $1.3 million, which would nicely cover the initial investment and a far bigger chunk of change in damages for the alleged fund mismanagement, according toIn the suit, the website reports the original injection of funds was meant to help the company “pursue opportunities in the field of legal cannabis.”, Destiny Biosciences, after investing $500K into the company.
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